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Most NFT use cases which are emerging right now are essentially legal ownership created to the owner of NFT token. In other words let's say there is a unique p
by splintercell 6y ago
Most NFT use cases which are emerging right now are essentially legal ownership created to the owner of NFT token.
In other words let's say there is a unique painting, now they established that the owner of a certain nft gets to own certain rights over that painting which could be licensing or other rights.
NFTs have essentially decoupled the ownership of a role of a contract with the transference of that assignment to an individual.
Instead of modifying the owner who has the claim on a certain piece of art or object by modifying a document, they are simply using blockchain to establish the ownership of a token and token links it's owner to the contract.