Why might NFTs be the way to own a car in the future?

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Former Member3/15/2311:13 PM0 replies

Other Crypto StuffNon-Fungible Tokens (NFTs)

Why might NFTs be the way to own a car in the future?

Former Member3/15/2311:13 PM0 replies

Former Member

When it comes to car titles, it makes sense to switch from a paper or electronic title that is kept in a centralized cloud to a proof of ownership based on the blockchain, like an NFT. By substituting for a standard vehicle title, a smart contract-enabled vehicle securely stores proof of ownership. Once you buy the car NFTs, the vehicle that represents all of the information regarding the title and transaction is securely stored in one location and cannot be changed.

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