USE OF NON-FUNGIBLE TOKENS (NFT)AS OPTIONS CONTRACT ONPHYSICALOR DIGITAL ASSETS

Abstract

Non-fungible tokens provide ownership guarantees on an underlying asset to the holder of the token.NFT works on the block chain technology and does not need any intermediary or central authority to operate. We study one of possible applications of this technology – to have two parties enter into an options contract with a physical or digital asset as an under lier. The holder of the options contract can be validated through the NFT token.