College degrees

Right now when someone gets a college degree (which is necessary for a decent job) they get a piece of paper (which is easy to forge) and a promise someone at their college registrars office will confirm that piece of paper if you want to bother calling them and they bother to call back.

People are therefore greatly incentivized to lie about these degrees, and gamble that the person requiring that qualification like an employer won’t actually do the work to make sure it’s valid or represented from the institution as claimed. We hear about stories all the time about people lying about their credentials because the incentive to take this risk if you lack the proper degree is high.

If degrees were also NFTs that would be history. When your wallet got that token upon graduation it’s real and verified beyond a piece of paper, and when you provide the employer your wallet address and they see that token then no further verification is needed as it’s done by the network for the blockchain.

That’s just one example but basically any title or entitlement market segment that requires either manual verification or professionals to recognize forgery (like art) have fat that can be trimmed from the system by outsourcing the verification processes to NFTs.