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

If you want in on the NFT craze, an NFT marketplace is your gateway to participating in the purchase and sale of these digital assets - from art to music to entire virtual worlds. Think of NFT marketplaces as your Amazon of the digital realm.
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tompeter1123
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Joined: 25 Jan 2023, 09:52

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

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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