Real World Assets Public Companies

[@BrekimuntagaStorm]

Question: what would happen to the apple token if the custodian no longer has access to the wallet? would the token then be lost forever?

[@Interaxis]

Good question and one I assume many people are wondering. First, this is a little hypothetical at the moment, considering we're not at the point of denoting public companies with tokens. Second, assume any custodian will have a multi-sig wallet and pretty robust security measures in place. To date, Coinbase hasn't had a wallet breach. That'll be the standard. Third, tokens are simply smart contracts. We can write them such that if a wallet is corrupted or "lost" we can recreate the tokens and burn the old ones. We're not going to have a situation where a custodian holding billions to trillions of dollars in assets has a single point of failure

[@jb_makesgames2264]

NFTs have so much potential for securitization and other uses (ie Real estate, etc) but crypto has wasted it all by using it for worthless garbage art.