Non-Transferrable Tokens - What Are They and How Do They Work??

The Part Time Economist

Non Fungible Tokens, also known as NFTs, are a fantastic way of representing assets as we move to an increasingly digital world. Because NFTs leverage the power of blockchain technology and cryptocurrency, it's possible to have an immutable public record of who owns what, but it's also possible to sell and trade assets on decentralized marketplaces. But what if there were times when we didn't want people to be able to transfer certain things? What are some examples of why we would want a Non Transferrable Token, and how would they work? That's what we're talking about in today's video.