Debunking NFTs: Beyond Collectibles
Innovation Chronicle
NFTs extend well beyond mere collectibles. Historically, paper documents such as stocks, bonds, certificates, and contracts have served as proofs of ownership and authenticity. However, paper documents are vulnerable to loss, forgery, and damage, and often require trusted intermediaries. NFTs solve these issues by securely digitizing documents on blockchain ledgers, creating an immutable, tamper-proof record.
