California will have a pilot program to use NFT to record car titles as an innovation of record management.
ChatGPT stated NFT is:
NFT stands for "non-fungible token." It is a digital asset that represents ownership of a unique item or piece of content, such as a digital art piece or collectible. NFTs are created and stored on a blockchain, which is a decentralized digital ledger. This allows for the creation and transfer of ownership of digital assets in a secure and verifiable way.
Finally, the government has realized the use of the blockchain, and it will reduce government spending while providing more accurate information to citizens.
I think blockchain has more utilities other than money. Digital money is the first step in testing society's compatibility, but the blockchain should focus more on providing services rather than investing to people.
That blockchain service can be essential for society later rather than simply going to moon-style investments to create unsustainable pump and dump.
Such government collaboration is the first step to making blockchain a social system.
Note: the post was shared on multiple platforms here.
Don’t forget to check out my new book here
You can refer my previous article lists here and here and here and here
Things that do not work out in crypto after 14 years of its creation
Crypto has a lying problem
Crypto bro problem
Crypto whales are exiting
History repeats itself
Banks stay away from crypto for now
Disputes between DCG and Gemini
New NFTs Trend
SEC Lawsuits
Why play to earn is a slavery game
Why AI is more convincing than blockchain
Bitcoin bond is nonsense
Bull market returns until
Bitcoin got one more problem
Deflation is coming
The thesis against Crypto Exchanges
Crypto liquidities
Crypto bear market isn't gone
Does Bitcoin negatively correlate to the dollar
Why Ethereum reputation is in question
Crypto whales are secretly dumping
Bitcoin is not efficient
Why Ethereum killers are killing themselves
