By: Geeq  on Sep 14, 2022

A Counterparty NFT requires, by protocol, the validation of signatures from the sender and receiver.

Counterparty NFTs make sense when there must be a meeting of the minds, i.e. when both parties must agree to the same terms for the transfer of an asset. People are used to counterparty signatures to provide assurance that an asset has changed hands: when a buyer purchases real estate, when an important package is delivered.

Counterparty NFTs provide the same level of certainty when digital assets are exchanged: whether they represent a tokenized real world asset, such as a property registration, or the responsibility of a medical record.

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