For us crypto folk we can grasp the idea of decentralizing ownership, but for the everyday person it makes sense to use a physical asset like a watch because there’s already an understanding of value.

No matter what we do (aside from DAO’s) it’ll always be centralized. Opensea, coinbase, you name it.

I thought 4K’s concept was interesting because they’re essentially a physical validator where they store, insure, and issue you an NFT for your item. If you think about legacy marketplaces like EBay there’s so much headache that goes into buying/selling and even then there’s fraud that can happen.

I even joined their discord and asked the team what you can do with the NFT and they said you’ll be able to plug them into defi products in the future. For me personally this is a game changer. Imagine a watch collector leveraging their watch collection and whenever they want it, they just burn the NFT and it gets shipped to them.

I agree about the gold backed crypto. The problem was that it based based on “trust” that the hold actually existed.