Post
Topic
Board Collectibles
Re: 2011 25 BTC Casacius in LIVE Auction
by
krach
on 29/03/2021, 07:53:31 UTC
Quote
Is the reason why an NFT has been created to be able to sell at the nftauction system ? Sorry just trying to get my head round it , thanks

Yes, you can directly get custody and the hodler can:

The buyer of this token may request the seller to safely store (bank deposit box) and insure the item up to the maximum insurable amount at the buyer's expense.
The buyer of this token may collect the physical item from the seller at the seller's expense (round trip, business class, one person).
The buyer of this token may request shipping with or without shipping insurance at their own expense and risk (conditional on shipability and insureability from the custodian's location).