Letters of marque aren't transferable, so making them NFTs is kinda silly. Their entire purpose is that the state has entrusted you, captain of the ship, to abi

Letters of marque aren't transferable, so making them NFTs is kinda silly. Their entire purpose is that the state has entrusted you, captain of the ship, to abide by certain rules (don't plunder our ships, take prisoners when possible). That said, cyber-privateering is actually a good idea. Cyberwarfare is in the same space as naval warfare was in the 17th century: it's not really an overt act of war, it's mostly committed by criminal organizations with the occasional big news state actor action, and there's a lot of money to be made.