Im not a fan of art ownership through collectible tokens.
There are just too many instances of art plagiarism.
She presented some good business opportunities, but offered less compelling solutions to solving the pain points.
She offered an example of frictionless buying and selling, and fractionalized ownership.
Its not a bad idea.
Getting out of an annual contract is nothing but pain in many countries.
But NFTs can also go far beyond transactional memberships to provide acatalyst for added value.
Ro asserts that there is a lot of money to make in sports and NFTs.
Im inclined to agree.
I attended theSailGP, an international sailing race, in March in San Francisco.
The sport recently launcheda series of NFTsas part of a partnership withNEAR Foundation, makers of blockchain platform Astro.
Each focuses on local art and sustainability.
Collecting memorabilia has always been a key part of sports fan engagement.
Further, crypto bros LOVE boats from theBored Ape Yacht Clubtoblockchain cruises.
Could NFTs go mainstream?
Ro also sees a future for mission-driven DAOs, citing the example of Ukraine.
Theres also a bunch of folks using NFTs tofundraise for Ukraine.
However, she concedes that the energy used in providing that security is high.
What are you willing to live with?
she asked secure cryptocurrency, or a low carbon footprint.
She also concedes that bad actors are inevitable.
Further, theres a challenge in putting up guard rails without killing innovation.
I see promise in NFTs for particular use cases.
But Im less convinced that well see anything like mass adoption or mainstreaming their wealth generation.
I just seemany of the same people getting richwith a sprinkling of compelling outliers.
An example is mural artistJDL Street Art(also at the TNW conference).
But movements have to start somewhere.
Story byCate Lawrence
Cate Lawrence is an Australian tech journo living in Berlin.
