Innovation & Disruption: Are Crypto and NFTs a disruption?

Membership Ownership

• A trend in the NFT space is the NFT is your membership pass to an exclusive group
• Often for a period of time
• It's fully transferable to others. I assume over time, as an expiration approaches, it loses value?
• If they don't have an expiration, and the group has enough value, will we see membership (aka NFT cost) go up?

• Gary Vee is where I first came aware of this. His veefriends NFT project came with different memberships, some for wine, some for a conference.
• Now you see Kevin Rose getting into this.

• Is it a value add on top of the the "digital art". Or does the art even matter? Seems there are rares for the same membership that people pay a premium for (see digital ownership below).

• But what do NFT's do besides allowing ease of transfer and the ability to get a cut if someone sells?

• The primary effort around these groups is often through discord, since blockchain is transparent keeping it on chain doesn't make sense.
• Unless ownership of a token could be used for encrypting on chain content? Would be slow AF?
• Other value given is through the rewards, conference membership, the "right" to buy something at a discount, NFT give aways, sport car giveaways and more.
• But none of this takes an NFT to pull off
• It's just the current moments hot new thing

• Will crypto currencies disrupt centrally controlled finance
• Or is it a side show that will get squashed by governments
• Could the future be bifurcated: large, dominate countries squashing it, while smaller ones embrace it to avoid things?

• If not finance what could be disrupted?
• Identity?
• This is interesting. Connecting to the block chain for identity, through something like MetaMask, does allow me to decentralize my identify away from Google, Facebook, and Apple.
• To me this is one of the more exciting possibilities.
• Digital ownership?
• NFT's are all the rage. But as someone who collected sports cards as a kid and seeing how availability ruined things in the 90's. I wonder if this will last.
• Yes, "rarity" is guaranteed. But what exactly is rare? Definitely "in the eye of the beholder"
• I almost put digital membership in this bucket. But I think that's something else.
• Centrally ran networks (Facebook, Twitter, etc?)
• Is there space for a new social built on Crypto identity?
• Other than identity where would the petabytes of data sit? Who would have authority? How fast could it even run? How much CO2 would this take to compute?
• Is BlockChain even needed to decentralize social? I don't think so.
• A company could run it, gain profit by doing so, but identity could guarantee the right to be forgotten and set the content you own?
 

And what about harm?