- The ability to publicly and immediately prove ownership (chain of provenance) to a third party.
- Multi-signatories, the ability for one or more parties to have joint cryptographic ownership over the token. For a pre-defined number of those owners (majority, 2 of 5, all members etc) to be able revoke, change, transfer the token as required, again without an intermediary.
This is the only one that isn't nonsense word salad. But it's simply not true.
The intermediary for a blockchain transaction is the group of people who run that blockchain.
The intermediary of PayPal is the group of people who run PayPal.
And so on. You can tell they are intermediaries because without them you can't transfer the value. There's no way to do it just between the two of you, you need this loosely organized group of people in between the two of you.
And that loosely organized group of people, it turns out, is WAY less reliable than basically every other option.
https://youtu.be/kNgTR5lii4M?t=25m33s
This is just one clip but the point is, referring back to the OP, the idea that NFTs have failed, that they are useless, that it’s just a load of bullshit is just another way of saying you have a very narrow understanding of tokenisation in the main.