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Really? Imagine trying to sell a piece of art. People need to authenticate it, then you need to transport it while having some escrow solution for the transacti
by baby 5y ago
Really? Imagine trying to sell a piece of art. People need to authenticate it, then you need to transport it while having some escrow solution for the transaction. With an NFT you can do the transfer instantly (depending on the blockchain) and with no trusted third party.
- LordDragonfang 5y agoA blockchain solves none of the issues you listed, though. You still need to transport it, most cryptocurrencies still have escrow solutions, and a blockchain is fundamentally a third party you have to trust (and the more established currencies are decidedly not instant). You can sell a piece of art instantly for cash if you wanted to, the problem is all the other logistics surrounding it.