RWA's are a huge future of NFTs, but crypto theft is still rampant 🥵

Read a great debate today on what should happen if an NFT backed by a physical item is stolen.

Should the item custodian:

- give the thief or future NFT owner the item?

OR

- be allowed to mint a new NFT, nullifying the value of the stolen NFT?

Founder of dyve.xyz (NFTFi) | 
Founder member of WolvesDAO (web3 gaming) | 
Former Associate of the Society of Actuaries

Another way to think of it:

Should RWA NFTs indicate providence and record keeping, or be for legal ownership.

I think custodians must be allowed to mint a new NFT and the old one just be referenced for item providence

That way the theft isn't rewarded, and by extension is made a less attractive target for scammers