Why is not possible to sell digital games and movies that you own to others like physical media?
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GameStop will be launching an NFT marketplace in the near future that will do just that. Your own copy of the game that belongs to you that you could resell or exchange which will bring huge value to these items that at the current moment you don’t even own, you’ve just been given access to, and will also have the same thing going on for in-game items. Last year gamers spent $90 Billion on in game items that went straight to the video game giants and have no stored value for the consumer
“Ownership” of a digital copy is an abstraction. We attach property-like rights to intellectual property, and call this copyright.
Until fairly recently, this was only really an issue for authors and publishers. Media was usually sold on some form of physical media such as a book or a record. Few people had the means of making affordable copies.
When it comes to digital media they need to provide ownership-like rights to an individual copy. This involves granting certain rights to allow making personal use copies. The problem is, nobody has worked out a rational way to make this work for transferring ownership.
Different people want different things here so it makes it even harder because we need a system everyone is happy with.
Maybe eventually they will tokenize the rights to those so they are held as an NFT and can be transferred. It’s one very legit use for them.
You can? Copy the files and send them to them/ put it on a USB drive and charge them
Guys this is exactly what GameStop is achieving with their nft marketplace. A way to mint your digital assets into nfts creating a secondary market to buy sell and trade your digital assets. But it is more than just a movie or a cd. For gaming you can create nfts of characters or skins they had. This is all made possible on layer 2 of ethereum blockchain using zkrollups with Loopring. GameStop is about to give the power back to the consumers by giving them the ability to truly own digital assets.
To add to this question, If I bought a license to use digital media, why can’t I sell or gift my license away?
Isn’t the premise behind and NFT?
Because the end user license agreement that you accept without reading says you’re not allowed to.
With the rise of digital comes the ability of the company to claim they are not selling you the game, but the license for the game. What happens with that license is totally up to them. Non-game software companies have been doing this for years now.
Because you don’t really own it when you buy a digital copy, unless you can download it and burn to disc.
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