Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 15/04/2022, 13:34:49 UTC
⭐ Merited by JayJuanGee (1)
Thing is, things develop and things change, so I do not imagine the deed issue being around for too long... and there are workable workarounds, for example, in the US at the moment you are correct re the deeds they cannot currently be linked to NFTs (yet) .... however what can and had been done is that the property (if we are talking real estate) , is first transferred into a LLC, and then the company, is then minted to a NFT, and it is this company that is bought or sold, and rights to the company (and therefore the property are stored on the blockchain)

.... and I think there is a good chance that this space will continue to evolve.


There are also solutions for tokenised/nft for equity release from properties too.. which again has the potential to evolve going forward.

....and as mentioned in previous post, I am pretty sure that we will be seeing this within the art collection industry too, and possibly wine also.


....could all this be done using tokens/smart contracts and sans "NFTs"  yeah totally..

NFTs don't add anything useful or missing to any of those scenarios you mentioned, because the existing, legally-binding ownership laws, contract laws, deeds, etc. already cover it and cover it well.

So again, the point of NFTs then? A solution looking for a problem that doesn't exist.