My problem with how NFTs are currently being used as opposed to how I see them operating in the future.

 

My current issue with how NFTs are being sold is this. Right now in order to increase their value almost immediately they are playing on the scarcity. But that automatically means they are not making enough to meet demand. This is fine for collectibles, but NFTs will move beyond collectibles soon.

GameStop is working on their NFT game selling right now and this is how I see it ideally operating:

Instead of setting a specific number of NFTs to be sold, they should generate the NFT dynamically upon sale. Scarcity can be created in this scenario, not by how many are sold, but by when they are sold.

So a game could have a preorder NFT specific for everyone who preorders the game and these NFTs will specifically identify the token for that release set. There shouldn't be a limit to how many people can pre-order it, just these NFTs should be generated to fill the demand.

Then, after release, they can start generating "Grand Opening" NFTs and these specify NFTs for first day buyers. Again, no limit to how many NFTs can be made, just an identifier that places this one as a first day buy. Then they can do one for buying it in the first 3 months.

Ultimately, they can stop selling all NFTs for the game after the sales dip and they have met all of the initial demand. After that, the new NFTs can be cut off and people will have to buy pre-owned NFTs for people selling their NFTs online. This would essentially make the digital market exactly the same as the physical market.

One might be wondering how businesses benefit from doing this. This model is actually better for everyone. GameStop would get a small percentage from all NFT sales going through their market, both new and pre-owned. The publisher would also get a small percentage. This would give them their true dream of taking a cut of used sales. Meanwhile the consumer can still own and sell their digital asset whenever they like.

This model has not been done yet, but I think we're closing in on this. This model can be used for all digital assets. Comic books, music, games, etc. could all be sold digitally like this one day.

As a Stadia gamer, I would absolutely love to see them do their purchases in this way.