As best as I understand things, an NFT - "non-fungible token", is a string put into the blockchain.
Art NFTs are URL strings which point to the JPEG (or whatever).
The URL might break - what you really "own" is the string. Actually putting the JPEG picture into the blockchain is very expensive because of the size.
I thought … why not put words or phrases into the blockchain? Then you own that actual string.
My first choice for a word: supercalifragilisticexpialidocious .
Ideally Disney issues the NFT for supercalifragilisticexpialidocious so it has a valuable origin. (Anyone can issue a token for a word, but the whole point is to own the "official" token issued by the IP owner; as far as I can tell [I am not a lawyer] there is no trademark on supercalifragilisticexpialidocious.) Fans would love it! Supercalifragilisticexpialidocious has the benefit of being unique in Disney lore and instantly recognizable, so it's a good one to start with. Other obvious choices would be "hakuna matata" and "The code is more what you’d call ‘guidelines’ than actual rules."
I thought this ideas was genius, and I hope someone at Disney agrees. So far all of the computer savvy people I've bounced this off were unimpressed.
But maybe they just aren't Disney fans.
Take this further. Use an NFT as proof of priority in patents. Publish the hash of your patent to the great universal blockchain, as incontrovertible proof of original invention.
ReplyDeleteCould use this as the basis of private patents. Protect your idea by not allowing your future licensees that slightest hint.
Perhaps not the original intent, but rather the march of progress required in the modern age.
Great idea for establishing priority!
ReplyDelete