this post was submitted on 09 Aug 2023
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A good reminder that NFTs are shit (sh.itjust.works)
submitted 1 year ago by CookieJarObserver@sh.itjust.works to c/dankmemes@lemmy.world
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[–] cogman@lemmy.world 16 points 1 year ago* (last edited 1 year ago) (60 children)

And what if someone forgets to transfer the receipt? What if they accidentally transfer it? What if the receipt goes to the wrong address? What if the government decides to take possession of the vehicle without the owners consent? What if the owner of the NFT dies; how would their spouse or children take possession?

NFTs will never be used like you imagine. They are too ridged. And what benefit do they offer over the current VIN and titling system? Everything you mentioned for tracking is already done. Any mechanism to thwart that would work equally to thwart the NFT.

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