(Replying to PARENT post)
NFT content is 99% of the time already available free. You can think of it as one person paying the cost for everyone else to get free access. They are usually stored on ipfs or arweave so you can just follow the content id for the file you want.
Beyond immediate metadata which you can access the use of the nfts are like keys to services (chatrooms, merch, club memberships) which you cant copy anyway because they are behind the private key of the owner of the nft.
So there would be very little reason to duplicate a chain for that. You can already get the free stuff and you can’t copy the rest because clubs will look at their register not yours.
👤clippablematt🕑4y🔼0🗨️0
(Replying to PARENT post)
TheNFTBay.org was covered here a few weeks back:
https://news.ycombinator.com/item?id=29265064
👤thinkmassive🕑4y🔼0🗨️0
(Replying to PARENT post)
This could be interesting. Value is assigned by people, so the fact the credentials for a given work reside somewhere else with 'less legitimacy' would mean yes - you could copy it. However this other chain would be entirely illiquid.
But...the interesting part. What happens when cross-chain asset movement is much simplified? I don't see there being any issue with legitimacy (original owners could still verify ownership, you couldn't). But if you flooded original chain with fakes, uh...
Talked myself out of it. nevermind
👤zemptime🕑4y🔼0🗨️0
(Replying to PARENT post)
This idea has been floated. Scammer Richard Heart is trying to this with Pulsechain, and somewhat more seriously, Avalanche wanted to run such a forked Ethereum as a subchain, but this appears to have been abandoned.
It is an interesting scenario to think through, in particular what happens with stablecoins etc. which would not be redeemable.
Ultimately, I predict such efforts to fail badly. The fact that e.g. Ethereum NFTs are copied will in fact work against such a fork getting traction.
👤miracle2k🕑4y🔼0🗨️0
(Replying to PARENT post)