bchankai
132
Will the average consumer be savvy enough to verify it?
Mar 17, 2022,01:29 AM
I mean, who among us knows how to validate the blockchain to verify that the NFT certificate of authenticity is real? I I know there are ways to validate that aren’t too onerous, but will there be a fraud market for verification? I’d guess for the vast majority, the money will have changed hands long beforehand. Perhaps I am wrong and things become much more intelligible and easy to access as the tech becomes more mainstream.
Thanks,
Brian
Comments:
view entire thread
NFT avalanche
By: VinnieD : March 16th, 2022-13:58
After Breitling some time ago, 2022 will be see the mass start of NFTs/digital passporting amongst the watch industry. Stay tuned in March-April to learn about the news. I cannot divulge much at the moment but there will be significant players starting to...
Audemars Piguet , LVMH
By: T.S. : March 16th, 2022-15:10
I have heard that AP may use the technology to support digital ownership certificate. LVMH will use NFT to promote buying and branding expérience
Ha, saw what you did there.
By: CGJ0 : March 18th, 2022-15:32
In my mind asset-backed NFTs for authenticity tracking is one of the only practical uses. Question is - will we all soon have digital wallets?
asset-backed nfts for authenticity are not a good thing in my mind.
By: nafetS : March 19th, 2022-02:03
It‘s way easier to take over a digital wallet, than to steal a paper watch certificate. Hacking of crypto wallets, mostly through fishing, happens all the time and most people won‘t go as far as using a cold wallet. And there’s usually no way to really pr...
Appreciate your thoughts.
By: CGJ0 : March 19th, 2022-18:40
I agree re: security (at present), but no different to someone losing access to a wallet I believe there will come a process whereby one can verify identity to retrieve access - no different to a bank account today. I think you’re right in terms of applic...
By: T.S. : March 16th, 2022-20:18
It wont work as the brand will compare your fake nft to the real one encrypted into the blockchain
Will the average consumer be savvy enough to verify it?
By: bchankai : March 17th, 2022-01:29
I mean, who among us knows how to validate the blockchain to verify that the NFT certificate of authenticity is real? I I know there are ways to validate that aren’t too onerous, but will there be a fraud market for verification? I’d guess for the vast ma...
Understand the concerns…
By: CGJ0 : March 18th, 2022-15:34
Where there’s a real demand for authenticity tracking/traceability I can very much see this as emerging rapidly, no different to a PayPal or other online payment processor, for which we pay little heed to the “risks”
Almost all the big groups are giving NFTs a shot...
By: patrick_y : March 16th, 2022-22:40
It's more about the PR/marketing/press value at this point than any real money being made. But as a consumer, I really don't care about NFTs. Just give me my watch darn it!
To be clear, I think it will be a flop
By: VinnieD : March 16th, 2022-23:17
But curious to see what younger generations might do about it given that - crazy as it sounds - their digital life is becoming more important than their real life
I do not get..
By: Ronald Held : March 18th, 2022-15:46
The NFT bandwagon.