I’m glade I found this conversation. It has given me hope for the difficulties our project is facing. Thank you guys for putting this content together. Really love Mr. Yat Siu philosophy
The long example Yat Siu gives, relating to teachers creating content, highlights what is difficult to understand about NFTs. This is a genuine question by the way, not a criticism or attempt to troll. Why can't TH-cam, for example, agree that the content creator owns copyright in their content (which, for all I know, they already do)? And if YoutUbe does, what does tokenising / creating an NFT add? Why can't the same teacher he refers to, who may want to sell on the asset / NFT they have created teaching a child maths, have done exactly the same selling the video they have made teaching child maths that they own copyright for? Is this just an enforceability issue? If so, why would it be harder to enforce ownership of an educational video which is an NFT in a foreign jurisdiction than copyright in a video?
Because TH-cam is a centralized platform and doesn't want to share its revenue with its content creators. Web3 platform are integrating this possibility in their protocols. NFTs are a way to materilize ownership in a digital way (where everything can be easily copied).
Thank you. That may well be the case. But my question wasn't (meant to be) about TH-cam but rather the EdTech startup that he was talking about. Or any EdTech startup. If the benefit he was highlighting was that the content creator could own and, if they chose, sell the asset, why can't that happen with existing digital content protected by copyright? What does creating an NFT bring to this specific use case that doesn't exist now? There may be many other benefits of a decentralised platform, but this was the benefit he highlighted (I think, perhaps I missunderstood) and I'm just trying to understand. I I'm a fintech founder myself by the way, but not crypto or block chain, let alone Web3, and am interested to learn more.
I’m glade I found this conversation. It has given me hope for the difficulties our project is facing. Thank you guys for putting this content together. Really love Mr. Yat Siu philosophy
Thanks for your comment 🙂
Super insightful 👌
$GMEE is the hidden gem on TON owned by Animoca Brands Yat Siu don t fade on this one
Amazing conversation! 👏🏻
Absolutely
The long example Yat Siu gives, relating to teachers creating content, highlights what is difficult to understand about NFTs. This is a genuine question by the way, not a criticism or attempt to troll. Why can't TH-cam, for example, agree that the content creator owns copyright in their content (which, for all I know, they already do)? And if YoutUbe does, what does tokenising / creating an NFT add? Why can't the same teacher he refers to, who may want to sell on the asset / NFT they have created teaching a child maths, have done exactly the same selling the video they have made teaching child maths that they own copyright for? Is this just an enforceability issue? If so, why would it be harder to enforce ownership of an educational video which is an NFT in a foreign jurisdiction than copyright in a video?
Because TH-cam is a centralized platform and doesn't want to share its revenue with its content creators. Web3 platform are integrating this possibility in their protocols. NFTs are a way to materilize ownership in a digital way (where everything can be easily copied).
Thank you. That may well be the case. But my question wasn't (meant to be) about TH-cam but rather the EdTech startup that he was talking about. Or any EdTech startup. If the benefit he was highlighting was that the content creator could own and, if they chose, sell the asset, why can't that happen with existing digital content protected by copyright? What does creating an NFT bring to this specific use case that doesn't exist now? There may be many other benefits of a decentralised platform, but this was the benefit he highlighted (I think, perhaps I missunderstood) and I'm just trying to understand. I I'm a fintech founder myself by the way, but not crypto or block chain, let alone Web3, and am interested to learn more.