“When it comes to really expensive collectibles, a lot of owners prefer to keep them in vaults or safes, even if they’re insured,” Michael Karnjanaprakorn, founder of Otis, told CoinDesk in an interview. “The idea that you’d want to have something to represent the item, like an NFT, only makes sense. It may be new now, but I can imagine it becoming the standard for the larger collectibles world.”

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