14 ms·
This comment helped me, was missing the NFT being burned part and seeing this is like an options contract
by snapcaster 4y ago
This comment helped me, was missing the NFT being burned part and seeing this is like an options contract
- leashless 4y agoLike a warehouse receipt, or several other things - this pattern repeats in many different areas of trade, and what people call it and how precisely they do the legal paperwork varies. But yes: you have the token, you have the right to the thing, and the supporting legals implement consequences in the real world or on chain via escrows if that right is not met. https://medium.com/union-finance-updates-ideas/union-partners-with-mattereum-to-bring-nft-asset-protection-to-real-world-goods-980edaf3ec83 https://medium.com/union-finance-updates-ideas/union-partner... for example.