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Cake day: June 11th, 2023

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  • ndguardian@lemmy.studiotoMemes@lemmy.mlNon fungible token in a nutshell
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    1 year ago

    I think the biggest place it has genuine benefit would be for something like deeds to homes, titles for cars and stuff like that. A permanent, auditable and public system for tracking the transfer and ownership of things.

    Unfortunately it comes with its own caveats, such as “what if I lose the wallet containing the deed to my home, and I want to sell it?”

    I never really understood the whole thing about picture based NFTs though.