MultiversX Tracker is Live!

How to prove the validity of an NFT underlying asset?

All Cryptocurrencies

by COINS NEWS 151 Views

Forget about NFT fART for now and let’s suppose that I mint an NFT for the car I own in order for it to be used on a platform that tracks current and previous owner(s), servicing history etc.

Also, suppose that I am the creator of said platform. How would anyone prove that they indeed have 100% ownership of the underlying asset, which is the car in this context? Could I go, together with the owner to the department of transportation, which is the “registrar” of this asset, and lawfully inquire for a proof of ownership? Of course this is not a solution able to scale, but it’s a start.

Any other ideas or things I am missing?

submitted by /u/i-dler
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments