been into crypto currency for sometime now and trade the likes of XRP,Btc, Dodge,eth,etc. tho I don't have full idea about Non fungible tokens. NFT which is a digital asset that exists on a blockchain, this blockchain serves as a public ledger, allowing anyone to verify the asset's authenticity and ownership.
So if you own a country as an NFT you can easily prove you own it, No one can manipulate it in any way, you can also sell it, and in some cases this will earn the original creator resale royalties, Or you can hold it forever, resting comfortably knowing your country is secured on a blockchain.
Now NFTs are usually bought with cryptocurrency, and the blockchain keeps a record of this transactions. While anyone can view the country, the buyer has the status of being the official owner, a kind of digital bragging rights!
Some benefit of owning a country as an NFT might include, Ownership, Probable Scarcity, and most importantly immutability! (Now When a traditional online game platform shuts down, users traditionally lose all of their in-game purchases. NFTs, however, exist independently of a specific gaming platform and live on the blockchain itself).
I'd also state that despite the intention to adopt NFTs there are also hurdles to overcome, Most notably, these assets needs to be more appealing and intuitive to people who may not be highly tech-oriented. And because countries registered as an NFTs possess intrinsic value, there's a risk that some will be used predominantly as speculative assets, with the hope of selling them for future profits instead of using the assets within the gaming ecosystem as intended, and other hurdles too..
In conclusion NFTs is an emerging technology, and it needs more exposure..
for me the idea is welcomed!
I stand to be corrected tho.. thanks.