What is the use of the NFT marketplace for physical assets?

NFT marketplace facilitates the trades of non-fungible tokens, which are tokenized digital assets that represent a digital or physical asset. The NFT marketplace for physical assets enables the trades of tokenized real-world assets like paintings, cars, houses, and other tangible items. Tokenizing the physical assets increases the value of the asset along with its undeniable ownership. The essential features of a tokenized physical asset include decentralization, preventing identity theft, and transferability.

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