have you not heard about the NFT that is a title to a house? whoever owns that NFT owns that house. its not about images. what about the scam that is the US stock market? take a look at Gamestop. there should only be around 300,000,000 shares of Gamestop, but there are BILLIONS of counterfeit shares created via naked short selling. THAT is the real scam. blockchain will help solve issues like that. pull your head out of your ass.
kkielhofner|3 years ago
In the convoluted NFT marketing stunt you’re referring to even the contract that attempts to associate the NFT that is precariously tied to an LLC that owns the house has language for being able to reissue the NFT AND acknowledges that ultimately the registration of the deed with the clerk is record. So exactly the same as forever.
Even the most bullish of blockchain people who actually understand how anything works acknowledge that the oracle problem is real and NFTs and real world assets don’t mix.
LegitShady|3 years ago
a court can still decide who owns the house, regardless of where the NFT is. If someone squats in your house you're going to need the existing legal system to deal with it, and they dont care about your NFT. The whole thing will still rely on the courts, the law, and law enforcement.
Its 100% nonsense.