Quote from: Kyraishi on September 10, 2021, 04:11:58 AM

What's the point of physically backed NFTs? I don't get it.

The whole point of NFTs in my opinion is to try to decentralize ownership. But if you back something with a physical asset, all of a sudden you are once again concentrating the value of the asset onto the physical object that is under custody of someone.

I'm sure it'll be done but I don't think that it'll be big. Just like how gold backed cryptos don't make sense.

Gold backed coins failed for many reasons because often times they didn’t even have the gold.

How we get from web2 to web3 will require some layer of verification and I think what 4K is doing is fascinating

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