From the perspective or image you painted with the scooter an NFt tied to the scooter will sort of function as an additional piece of tangibility that wouldn't depreciate since the scooter itself will depreciate with time but the NFT itself will maintain value thereby giving more, tokenizing the concept of the scooter, right? All in all its about giving projects the power to create tokens and tied them to real time businesses isn't it?
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It depends upon how the NFT is structured. Is the NFT tied to a particular scooter with a VIN for example or is the NFT representing the "business" of that scooter. If the later, the actual scooter can be replaced and the NFT is still tied to the proceeds from it.
As said, there were some things lacking in the presentation but all in all, it shows how the concept is capable of working.
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Yeah the concept is capable of working and seems achievable while I was even in thoughts thinking about it, it's amazing when you look at the possibilities, thanks for clarifying that out.
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The major breakthrough is when everyday people like us start to develop our own NFT projects. Then, not only will be we one to passively participate but also be an active creator.
It ultimately could be a great way to fund things.
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