Has anyone experimented with barter nfts? I borrow a cup of sugar from neighbor and issue him a “cup of sugar nft” … solves dual coincidence of needs problems without a fungible currency. Crypto-hardened IOUs.
Is the idea here that eventually the holder of this obligation will receive an actual cup of sugar? How would it work for services that you may not be able to perform? How is this simpler than just Venmoing a few cents or whatever you both agree is the value of the sugar?
Yes but the new owner of the 1 cup sugar NFT will presumably want the sugar at some point, otherwise why trade for it? Or maybe I'm misunderstanding and the idea here is just to create some token of acknowledgement for the favor without any expectation of return?