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Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless. (markets.businessinsider.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.::NFTs had a huge bull run two years ago, with billions of dollars per month in trading volume, but now most have crashed to zero, a study found.

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[–] CileTheSane@lemmy.ca 7 points 1 year ago (2 children)

You bought it, it should be yours to do with in perpetuity as you please.

[–] astral_avocado@lemm.ee 1 points 1 year ago (1 children)

So you're pro-DRM then if it helps content creators sell one copy per customer?

[–] dustyData@lemmy.world 5 points 1 year ago (1 children)

People can buy multiple copies if so they wish to. Most digital sellers are perfectly happy to charge you multiple times for things you technically already own. Artificial scarcity by way of limiting a digital good is unethical.

[–] astral_avocado@lemm.ee 3 points 1 year ago (1 children)

I was under the impression that the main point of DRM was to prevent blanket copying of a product and sharing with others who haven't purchased said product.

[–] CileTheSane@lemmy.ca 1 points 1 year ago

If I buy an e-book I should be able to read it on any device I want. If I purchase software I should be able to install it and use it on as many devices I own that I want.

[–] Cryophilia@lemmy.world 0 points 1 year ago (1 children)

You can't buy a book, print off a ton of copies, and then sell those copies. You can do whatever you want with your book, lend out, give it away, but you're not allowed to profit off it.

[–] merc@sh.itjust.works 2 points 1 year ago (1 children)

Sure you are. You're allowed to sell it to a book store, and if it's somehow more valuable than what you paid when you bought it, you profit.

[–] Cryophilia@lemmy.world 2 points 1 year ago (1 children)

You can't make copies and then sell those copies to the book store

[–] CileTheSane@lemmy.ca 2 points 1 year ago

Legally I cannot, but physically the book does not come with a device that prevents me from doing so.