Welcome to starbeam.one, a digital art project
Watch the playlist below to get an introduction to starbeam.one and its creator, Mike-E-angelo.
Frequently Asked Questions
What the Heck is starbeam.one?
That Sounds a Lot Like "NFTs"
NFTs, or non-fungible tokens, are a decentralized (and, at present, arguably inefficient) form of digital licensing. One of the many critiques around NFTs is that they are an extremely lacking (i.e. "inefficient") implementation. They are a newer technology, which means in addition to their inefficiency, they are foreign, and difficult to use.
In contrast, Resalable Digital Licenses (RDLs) can be viewed as the Unabashedly Centralized™ counterpart to NFTs. starbeam.one is founded on the premise of being Unabashedly Centralized™, which means it uses familiar, traditional technologies to achieve digital ownership. Doing so:
- Removes the need to install a wallet
- Removes the dependency on volatile assets
- Removes the need to keep track of your "private key" to access your licenses
- Has immediate recourse in the case of a hack/theft/fraud (whereas blockchain is irreversible)
- Performing activities such as refunds/reversals are expected and allowed (note that the first version of our product does not have this feature but future ones will)
Sounds Good, But What's the Catch?
One of the qualities of decentralization is individual sovereignty, where you "become your own bank" and are in full control of your assets. In a traditional, centralized model, the service (e.g. starbeam.one) is custodian over your assets. Each model has its own advantages and disadvantages. However, few if no centralized offerings exist, so there lacks market choice for those who prefer the Unabashedly Centralized™ model.
While it is debatable whether centralized custody is considered a "catch," an identified risk with the model is discussed in the final question below.
Why Create a Centralized Digital Ownership Market?
Why not? It's surprising that it hasn't already been done. In short, it is to provide market choice and the resulting market efficiency, allowing those to choose between their preference of centralized vs. decentralized. There seems to be a misconception that a blockchain is required to achieve digital ownership. starbeam.one was built in part to prove that digital ownership can be accomplished without the blockchain. Moreover, it was built to see how such a concept would be received by the general market.
Additionally -- as any cryptoartist will tell you -- having your net worth dictated (some would even call it held hostage) -- by a volatile asset is OK when its price is going up, but not so OK when its price is going down. Having a centralized market removes this unpredictable volatility from the equation. This puts creators 100% focused on sales of their product, rather than obsessing over the price of an asset (or assets in the case of a "Level 2" blockchain).
Can A Creator Use Both Centralized and Decentralized Markets?
Yes. Let's see which one performs better for them. :)
Will There Be Other Centralized Digital Ownership Marketplaces?
Are There Gas Fees?
No, all transactions are centralized and traditional. This means every sale, resale, and issuance (the centralized equivalent to "minting") is free of any enforced network fees, and are as instant as the time it takes to save to a database.
(Hint: it is pretty instant.)