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by TimJRobinson 1670 days ago
Automation, efficiency and composability.

They are more easily owned by groups, transferred, packaged with others, verified with software etc.

You could think of it like the shipping container revolution but for digital assets. Sure it's possible to do these things with legacy contracts but it's far less efficient and standardized.

1 comments

More easily owned by groups?! We have well established legal processes, company structure and contract law to determine who owns what, and you're to say that NFT makes this more efficient? I don't see the parallel to shipping containers at all.
Did you see that group that recently came together to buy the copy of the constitution? Took 3 days to assemble thousands of people who pooled $40M to make it happen. All their individual contributions we're accounted for and tracked.

DAOs are an order of magnitude easier to assemble and manage than traditional companies. They can buy or trade NFTs by vote done many times per day in hours. And all of the internal processes and governance can be done via software.