For one, if I want to sell/give something to someone, I just transfer the NFT representing the agreement.
Imagine if you could transfer car ownership without having to deal with the government or anything else? Just a transaction away. If the seller/buyer also uses cryptocurrency, you could safely write a contract that swaps the funds for the NFT without any risk of either parties running away with both of them (funds and NFT).
Imagine if you could transfer car ownership without having to deal with the government or anything else? Just a transaction away. If the seller/buyer also uses cryptocurrency, you could safely write a contract that swaps the funds for the NFT without any risk of either parties running away with both of them (funds and NFT).