| > Well, again, in principle, NFTs can be used to represent ownership of anything. Possession of a token itself doesn't create legal ownership of a separate asset unless there is a legally-binding instrument that conveys ownership of that asset through possession of the token. To turn tokens into legally-binding instruments of ownership, you're back into the real world of laws, lawyers, financial regulations, etc. > However, theoretically, you could tokenize other assets, like real estate, or intellectual property, and then trade them in a more liquid, global manner than is currently possible. This simply isn't true though. Tons of real estate assets are securitized and traded in liquid, global markets. Even average investors can access these markets through REITs. More esoteric assets, such as music royalty rights, have exchanges like Royalty Exchange[1]. You could of course use the blockchain for these types of things, but just using tokens doesn't absolve you from having to comply with securities regulations. Unfortunately, from what I see, a lot of the people trying to create crypto-based solutions seem to believe that the use of tokens is a "get out of regulation jail free" card. > If you want an example of tokenized value, just look at stablecoins. Stablecoins are literally tokenized dollars. They allow you to self-custody large amounts of, what is effectively digital cash. That is something you couldn't do before. If you didn't trust banks, you either had to store physical dollars in your home, which is extremely dangerous for a number of reasons, or you had to suck it up and trust them anyway. Stablecoins claim to allow self-custody of large amounts of basically digital cash. But there are a lot of red flags with stablecoins and I'd humbly suggest that anyone who doesn't trust banks but is willing to trust stablecoins is missing the plot. Either way, your cash, in whatever form it takes, is at greatest risk because of central bank policy, not how and where your cash is stored. If the USD loses its reserve status, you're going to feel the effects whether you're holding physical dollars or Tether. [1] https://en.wikipedia.org/wiki/Royalty_Exchange |