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I agree with you in principle, but if you're trusting an intermediary, then I struggle to see what doing this on the blockchain adds. If I'm going to trust a ce
by kerkeslager 5y ago
I agree with you in principle, but if you're trusting an intermediary, then I struggle to see what doing this on the blockchain adds. If I'm going to trust a centralized entity to buy and hold land for me, then it seems like I'd want to go with a trustworthy centralized entity, rather than some new organization that was created to operate on the blockchain.
I think a better use-case for NFTs for now is as as keys, i.e. early investors to a project are granted a limited number of NFTs, which then allow them preferential access to later high-APR investments or whatever. This is a somewhat niche use case, but at least it's all on-chain and trustless.