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Argentinian Law School Proposes NFTs for Unique Plant Varieties on Ethereum Blockchain

Academics from the Intellectual Property Centre Law School of Austral University in Argentina have proposed a system that uses smart contracts and NFTs to enforce ownership of unique plant varieties. The system would allow farmers to register their non-fungible plant varieties with an Ethereum smart contract system, minting an ERC-721 token for each seed collected, and then sell the NFTs via MetaMask. While some critics argue that democratizing access to these assets could undermine the system, others suggest that scarcity may only make sense for digital artifacts. The author, David, is an Editor based in The Netherlands who focuses on data-driven journalism and is passionate about permissionless and decentralized networks.

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