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Cake day: July 18th, 2023

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  • The value of blockchain is to provide immutable ownership of something. Whether that be music, a tv show, movie, music, video game, etc. There is music on the blockchain, and the artists who have created that music can sell their music to fans without having to pay egregious fees to corporations. As well, they can determine if they’d like to include royalties, so every time their song is resold they can get a percentage of that transaction. TV show and movies are far less common, but the fact that you can own media on a decentralized platform that won’t go down because, a cloud service is having trouble, or the company decides they don’t want to host that particular media anymore even if customers have already bought it, means that you have access to what you purchased. The same can be said about games. Moreover, assets you either collect or purchase for that game can either be traded or sold. And, apparently the US Gov feels like there’s beneficial use cases for it, too: https://www.gao.gov/assets/gao-22-104625.pdf