In a future where NFTs are no longer just art, they will serve within Web3 as users’ identities in the form of digital certificates.
Banks could be treated as a standard way to reference one’s NFT assets. Even today, NFTs have more utility than just trading artwork online. At conception, NFTs were promised to be ways of further linking our digital lifestyles in ways that were recorded and trustworthy. With decentralized networks able to confidently verify every transaction made we will start to share and work on the final frontier of online platforms, this is what NFTs and Web3 are offering us. This conjecture aims to reground what an NFT is and give it utility.
My conjecture is an example of paper objects today that no longer need to be paper.
Your work letters of recommendation, diplomas, and past work history can now be tokenized. Not the kind of tokens that you can buy and trade, but the kind of tokens that are irrefutably proof to be yours. You will now have a place to reference your ever-growing list of professional work history. Made easy to share with future employers.
In the forthcoming digital age, whether decentralized or not, banks could still oversee matters of trusts and bonds. We will still need one reliable governing entity to represent this sensitive information. I propose that these assets should be digitized. It is no longer necessary for pen, ink, and complicated stamps that prove authenticity.
