4 ms·
I'd add another use of NFTs that follows the letter of the law, but violates its spirit: a trust fund whose beneficiary is an owner of a specific NFT. This allo
by frongpik 6y ago
I'd add another use of NFTs that follows the letter of the law, but violates its spirit: a trust fund whose beneficiary is an owner of a specific NFT. This allows to conceal the identity of the beneficiary and pull out various tricks, such as tax free transfer of wealth (e.g. to heirs) or outright illegal stuff like getting your life insured, then faking an accident and living off the payments under a different identity.