Stephen Downes

Knowledge, Learning, Community

It's interesting indeed to see the reactions of the two communities. gamers have turned against Non-Fungible Tokens (NFT) with a passion, seeing them as just another way for games to separate them from their money. On the other hand, music fans seem more than willing to pay for the crypto tokens. There are good reasons. First, "live entertainment has always done a healthy business in collectibles; gaming hasn't." Additionally, "music NFTs can more easily be positioned as helping artists." by contrast, nobody loves game publishers, and the people who actually build the games would not receive any of the NFT money. Third, "the music NFT projects I'm describing this week are entirely optional." In games, however, they would be much less so. As newton writes, "there is wisdom in fandoms, and they're already telling us what they want from the blockchain — and what they don't."

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Stephen Downes Stephen Downes, Casselman, Canada
stephen@downes.ca

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Last Updated: Mar 29, 2024 09:57 a.m.

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