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by 627467 1670 days ago
How do you enforce contracts all around the world without having to hire lawyers from all jurisdictions and hope for timely legal resolution on any jurisdictions?
2 comments

If I come to your house and steal some piece of art that you hold an NFT for, the NFT isn't going to get you your art back.

If I sell it, the NFT isn't going to notice that it is on display in a museum and take appropriate action.

And so on. Smart contracts are neat, but they depend on all the same mechanisms that other contracts use.

How is a NFT enforceable in contrast? There's no way to prove who owns what address, e-contract, etc, that doesn't just fall back onto standard established contract law.