That system is basically a donation dressed up as a "stock".
The TLDR from that article:
"The Packers bylaws and NFL rules severely restrict transfers of Packers stock... And: No one may buy more than 200 shares... And: The offering will initially be limited to persons in the United States, as well as Guam, Puerto Rico and the U.S. Virgin Islands"
This could not have been achieved with an NFT, since NFT's can't censor pre-sale nor post-sale trading.
> This is what ultimately killed Second Life. In the early days it was being used by businesses, for meetings etc. Then all the people with kinks moved in and now no one takes it seriously.
You got your order of events reversed.
In the early days of SL (2003-2007) it was mostly chaos: kinky content, ponzi-schemes, gambling and scams.
It is in this chaos that SL boomed, but sometime close to its peak (2006-2007) the management realized this isn't sustainable (for both legal and business reasons). So, they started to moderate user-content in order to make it more attractive to mainstream-consumers as well as businesses.
And we've seen how that went. Very few are interested.
"The High Court in this case has decided that if you are the host of a Facebook page, you are going to be treated as publisher, even though the comments are put there by a third party."
> The only thing I mind are the people pretending a real problem has been solved with NFTs.
It's not a pretend problem at all.
The author could have used any existing auction platform too sell the rights to that video without involving NFT or crypto-currency. But they would never have gotten that much money for it. NFT solves that.
It sure is politicized from all possible sides. But we should be open to investigating the cause, so that we can create policies that can prevent future disasters.
The same way you spot them in tech-stocks. When projects that don't deserve attention/funding receive a lot of attention/funding then you are in a bubble. A good recent example of that is the doge & NFT hype.
As much as i hate the speculative bubbles, the high electrical usage, difficulty of obtaining and using it, the disturbing services that are traded on the dark-net, crypto-currency is the only way to transfer money electronically today.
All non-crypto-currency based methods require permissions, and are politically gated.
Thus despite the negatives, i think crypto-currency can help connect the world.
Crypto's value is based on hypothetical future adoption. Since people believe Musk is a great influencer of future-adoption, his tweets make the market.
One way to solve that problem is to not reward users for their data.