CAMEO.com Finally Does What I Said It Should Do - GO FULL NFT! - But is it executing NFTs correctly?

Peter Saddington examines Cameo's recent foray into the NFT space with its "Cameo Pass," assessing whether the platform's approach aligns with the technology's potential. He argues that Cameo, with its existing celebrity relationships and financial stability, is well-positioned to leverage NFTs for exclusive content and experiences. A key point is his assertion that one of the best use cases for NFTs is to provide access such as a digital ticket that can unlock unique content and behind-the-scenes moments. He raises concerns about the prevalence of spam and fraudulent NFTs, citing that up to 80% of NFTs created for free on OpenSea are potentially spam. Saddington contrasts Cameo's planned utility-based NFT with the current landscape of primarily JPEG and PNG-based NFTs. He also mentions how other creator platforms like YouTube and Patreon have only flirted with the idea of NFTs.