Comment by shakna
4 years ago
This is part of why distribution platforms all have their own cut. You don't own a copy of the movie. You own a copy of a _specific_ movie that was carried by Sony's streaming service and not a library.
If the distributor isn't distributing, then there's no legal way to get it. And NFTs don't contain the item purchased. It changes exactly nothing about the situation.
> If the distributor isn't distributing, then there's no legal way to get it.
Many countries already require that a copy of every book published has to be send to the national library:
* https://en.wikipedia.org/wiki/Legal_deposit
Just extend that to digital media.
> It changes exactly nothing about the situation.
NFT provide you with a transferable proof of ownership. That's a pretty ginormous piece of the puzzle that is missing right now when it comes to digital content. How to download a copy is quite a trivial problem by comparison.
Yes but what about NFT specifically could not be solved by any other form of electronic (or analog, for that matter) receipt?
Unlike a normal receipt, a well built NFT is virtually unforgeable and uncloneable, even by the receipt-issuing entity.
This changes the trust model significantly, so that different legal principles can be applied. So the download access from the "legally acceptable archive for proven owners" could be automatic, fast and secure, without depending on a single company (eg Visa or Sony) to uphold their side in perpetuity, and allowing multiple download services to be legally in the clear, because they are enforcing contractually agreed checks.
No human in the loop to check your receipt (which costs), cheap automatic fast and secure service, no single company database that has to be trusted to authorise your access once you have obtained the receipt, and (if the rules are so designed) no further access once you have settled a transfer to another person.
For technical reasons that automation can distributed so that it is highly available, decentralised so that download and effective ownership is not managed by one company that might backpedal. And because of the changed legal relationship (ie no court would consider it piracy if legit terms are agreed in the contract) it could, potentially, be legally safe to operate high quality service.
There would still be risk of fraud (you transfer your receipt because someone tricked you), and some people will be disappointed m that DRM would be technically possible even when decntralised (the guaranteed access might be access to something you can stream but not save).
I am not particularly a crypto enthusiast (despite working in the field, currently zk-EVM if anyone's interested) but I think this idea of NFT-guaranteed access to data which is authorised by conventional consumer contracts has a lot going for it. It would solve the Sony problem.
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NFTs are transferable and service-independent. Meaning you can trade used digital media and they will continue working even when Sony goes out of business, just like physical media would. Another big advantage is that they are generic, they are just abstract "ownership", you can use them for books, games, monkey pictures or concert tickets. Any normal commercial alternative would almost certainly be locked to a specific type of media and to a set of companies, along with strict rules to follow, if they allow any outsiders to participate at all. NFTs are an open system where everybody can build something with them.
That said, this is all very theoretical. Blockchain needs to get fast and cheap before any of this makes sense.