The magic with the NFTs

I was thinking the other day, that NFTs are another puzzle piece in the change that it is done by crypto.

We see a different type of art, issued as an NFT, which sometimes I don't understand as a blinking gif with a number behind can amass so much monetary value behind it. Well, art is art, and I'm definitely no expert. What this number behind the blinking gif is showing us, is indeed the ownership, and it is tight to the blockchain.

Without a key, it can't be removed or confiscated. It is a wonderfull tool against socialist/communist states that love to steal the possesions of others, as if the chain is a real good one, it can't be corrupted.

Some states will be afraid of this technology, as it removes a lot of power from them. Imagine a decentralized property register, with low transaction fees and which is always up to date. Of course, there are smart countries who will adopt and who will want to make the life easier of their citizens at a lower cost.

NFTs are property deeds, and not only for real estate, they can be from a game item to a blinking gif. They show the owner openly.

The magic with the NFTs is that they can be used for every thing that a property mark is needed. The whole inventory of a firm can be transformed into NFTs, optimising supply chain, costs and logistics. Not everythins is deemed to be an NFT, FTs are also fine when this are turned into NFTs.

Maybe the above idea is to far fetched, but a register for cars, real estate, land can be created and managed via NFTs. It will improve our life massively, where the question is if we want to have this improvement? Anonymity will be gone and also a higher financial transparency is granted. If the accounts are anonmysed, I'm fine with it, as I love my privacy

How do you see it?

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