I mean we have to lock the real world item as a collateral like we create USDT. Each and every NFT is having underlying asset which is really pegged to that asset. For example, we lock a gem and create an NFT for it?

Hello Everyone,

When thinking about digitalizing real non-fungible assets like gems, diamonds, other precious things or even vehicles, lands or other properties, there are many real life non fungible valuable items we have but it cannot be digitalized and bringing to block chain easily.

Is that a good idea to create NFTs with collateralized underlying assets or do we have any better way to address the same issue already?

Cheers!
AKR