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RE: NFTing The World

in LeoFinance4 months ago

I think NFTs can be used for many things and it will certainly change the world once tokenization occurs. I do agree funding and everything will be much easier without a middle man. We could also use it pay off token holders.

The problem I see is knock-offs and scammers. They exist in the real world but the digital world makes tracking people a lot tougher.

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The problem I see is knock-offs and scammers. They exist in the real world but the digital world makes tracking people a lot tougher.

When tied to blockchain, it makes it that much harder to create a knock off and pass it as authentic.

For example, high end handbags by Gucci. If each one had a NFT, and they were sequential, then if one tried to create a bag without the NFT, then we would know it is fake.

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Yea but I think we need better technology to guarantee this. As it is right now, there is no way to securely define a bag with an NFT ID. It may be possible in the future if there was a way to guarantee it's authenticity.

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As it is right now, there is no way to securely define a bag with an NFT ID.

Sure there is. Have a serial number of each bag locked into the smart contract similar to how VIN are for cars. That can all be coded into the contract, thus show the number of bags issued and what number one has.

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