I was interested in the process of NFT purchases and how they work in DeFi transactions. Tonight I purchased The Kings of Leon, When You See Yourself NFT.
The process worked well for me, as I have some experience with Ethereum, wallets, transaction fees, gas, mp3s and all the associated understandings.
The album sounds great. If these types of online only purchases and items that are collectible in a way that NFTs offer, then this will need to be easier. Additionally the Ethereum network is far too expensive to small items. There will need to be a rethink on how to scale computational costs to users of a network. There should never be a situation where the transaction fee costs more than the item.
It’s a strange thing to wrap your head around, that you own not just the album, but a specific entity of the album. A limited digital token of the album.