According to Li, most sales of luxury artworks occur only “on paper” with no physical transferring of goods. “The ownership changes, but the pieces don’t move,” Li explained. NFTs therefore make ownership of non-fungible, real-world items easy to trade and gift, potentially disrupting traditional marketplaces or auction houses such as eBay, Christie’s and Sotheby’s.
4K NFT Marketplace Goes Live, Bringing Physical Goods to the Blockchain — CoinDesk
