Simply put, it’s a highly secure, globally verifiable digital token proving ownership of an asset. It’s like a scanned version of your house deed. Only better, and far more secure. It can include many details of the property, including all previous owners and transactions (so you can verify any income claims), pictures and legal descriptions.
Governments around the world are exploring many ways to use NFT’s and register ownership of everything from cars and company’s, to homes and medical records.
NFT’s should do for real estate and asset ownership, what Uber and AirBnB did for travel and tourism. Digital is here to stay. Securing, and trading ownership electronically, has become as natural as sending a text message or email. NFT technology is now the fastest, most secure way to do it. So, you’d better care.. Unless of course you’re still wax sealing envelopes or sending faxes?