2min chapter

The Foresight Institute Podcast cover image

Kate Sills | NFTs and Engineering Property Rights

The Foresight Institute Podcast

CHAPTER

The Tragedy of the Anti Commons

In a smart contract on a blockchain, we can create new forms of property without increasing search costs. So for example, let's imagine that Alice wants to put the original baseball card back together. But what happens when you can't collect all seven? The technical mechanism would be that you buy up all of the pieces, send them back to the original smart contract and then the original contract sends your NFT back.

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