NFTs Are Securities and It’s Great

That ledger entry is usually accompanied by a physical token, typically a dirty canvas or lumpy lock. It doesn’t matter what is represented, because only the ledger entry has valuable. You can tell this is true because if the connection between the ledger entry and the object is broken, the object is worthless, even though it hasn’t physically changed. In other words, the object just enables the sale of the ledger entry, like a bearer bond.

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• Source: https://www.coindesk.com/consensus-magazine/2022/12/28/nfts-are-securities-and-its-great/?utm_medium=referral&utm_source=rss&utm_campaign=headlines