Lurking in every NFT and crypto investor’s mind remains a niggling concern. What happens to our valuable assets in the event of an untimely demise or if our keys are permanently lost?
Those of a well-organized disposition may have some protections in place, but now is the time for something better. Working via the Tezos network, ingenious developer Javier Graciá Carpio, has created the Dead Man’s Switch smart contract. A neat piece of code that will kick into action following a select period of inactivity to redirect any assets to a pre-determined beneficiary.
For now, the Dead Man’s Switch protocol is available to those holding Tezos-based NFTs and $XTZ tokens. However, due to the sheer brilliance of the idea, users can expect similar contracts to arrive on other networks in the near future.
Source NFT Plazas
