VoR0220
@vor0220
So with NFTs basically shitting the bed recently…what are people buidling that’s going to bring the next big wave in NFTs?
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Joe Petrich 🟪
@jpetrich
Real world assets. We started with collectibles at @courtyard but the physically backed NFT market is going to be huge.
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VoR0220
@vor0220
Why do you think that? And does that translate to like…RFID inside the assets? Or is it an NFT that gets sold alongside like ClubRare?
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Joe Petrich 🟪
@jpetrich
It just makes sense to track ownership of many physical things on chain. Blockchains are really good at being ledgers and the composability is big for financial applications
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VoR0220
@vor0220
Why does it make sense to track that? Insurance purposes perhaps?
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Joe Petrich 🟪
@jpetrich
To be able to see the provenance and transaction history. Imagine if real estate was transacted on chain. You wouldn't need title searches and the county property records office would have a much easier job
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