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>No one claims NFT proves ownership of entities outside of the used blockchain. But within the chosen blockchain, they do prove ownership of that particular NFT
by ladyattis 5y ago
>No one claims NFT proves ownership of entities outside of the used blockchain. But within the chosen blockchain, they do prove ownership of that particular NFT. That's a fact.
This is irrelevant to the wider world which doesn't even have basic infrastructure to support blockchain smart contracts. Without that infrastructure you have a curiosity, not an asset you can use as collateral with a bank.
- carlosdp 5y agoWilling to bet places that currently don't have the infrastructure to connect to a blockchain reliably also don't have functional legal systems to enforce ownership of physical assets / property.