I mean a NFT that represents a real world asset is sorta more interesting......
Is it now?
Here is my NFT for sale for a 1000g gold bar. I'll even sell it to you for 20% off of spot price....
Obviously there needs to be a mechanism in place to verify that the nft confers ownership of said asset... or even a "shard" of the NFT that represents the asset.. Art collectors, for example, I believe in the end
could possibly embrace this model, for various reasons.. for example, art collectors, currently, have serious funds locked up in their collections... now imagine that an art collector can sell, via "shards" effectively shares of individual pieces of art.. but the collector maintains a "controlling share" of said piece of art. The art itself, remains, in verified lockups, or gallery's. (Yes there would need to be a legal framework that is established for this, but this could be done via a legal framework within a DAO, coupled with a "established custody solution for the underlying asset".
This then enables an art collector to release equity from their collection, whilst maintaining control of the art. Which in turn enables them to speculate and purchase even more art to add to their collections... For the buyer of the nft shard, it allows a way to speculate on the appreciation of the art, without having to cough up for an entire Monet...
Tbh there are for sure other mechanisms whereby this could be achieved.. but NFT shards which represent partial share of a minority share of art, could be one way it is done...
Would it be entirely "trustless" , in truth no, there would still be some counterparty risk involved with the custody solution... and in theory the warehouse/gallery/vault etc could be robbed or burned down/flooded/involved in a boating accident etc.. but then I suppose there could be some insurance set up that is coupled with the custody solution.
Does this really solve a real world problem? hmmmmm not a huge one ... but it could be a interesting way to "democratise and decentralise and distribute" art speculation.. and also, to make the whole process easier.
This whole industry of releasing equity from art collections is already done by various companies in meat life that are not connected to blockchain/NFT projects. Its pretty big business. Could this be done by simple tokens and smart contracts sans NFT's or shards, yeah sure.
There are various other projects that play on this theme in other niches also... property, wine etc.
Personally, I am not in a hurry to buy shards in art, but some may.
I'm not married to the idea, but I find it interesting enough to follow..