NFTs are useful in cases far removed from owning a jpeg. Things like supply chain, where each item is tied to an NFT, akin to a tracking number. You now have an immutable history of when and where each item is along every step of the supply chain
Only if you’re talking about a Bitcoin-style public ledger blockchain. The auditable, immutable history can also make sense in a private blockchain that costs next to nothing to add to, can be backed up for a song, and can only be added to if you hold the private key.
NFTs are useful in cases far removed from owning a jpeg. Things like supply chain, where each item is tied to an NFT, akin to a tracking number. You now have an immutable history of when and where each item is along every step of the supply chain
But again, the computer that would go into that kind of a system is astronomical per item. It just doesn’t make sense to use.
Only if you’re talking about a Bitcoin-style public ledger blockchain. The auditable, immutable history can also make sense in a private blockchain that costs next to nothing to add to, can be backed up for a song, and can only be added to if you hold the private key.
I haven’t heard of this implementation. Yeah, this 100% is viable.
Yet. That is the big reasoning behind proofs of chain like work, etc.