Read the article he created https://x.com/Skelhorn/status/1861141802096431301
Interesting what he says. The first thing I thought is that as cool as that Bugatti was, if I could help him maybe I wouldn't be interested in the Bugatti itself as much as the cash equivalent of it. You have to think that he might have the car in another continent, it would have to be moved, and when I got it, after a few rides with it, I would sell it because it is worth a lot of money. But he's come up with a creative solution for it.
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To make things even more flexible for the bounty winner, I can tokenize ownership of the car. If the new owner would prefer not to take physical delivery, they can trade or sell the tokenized title instead. This way, the car becomes a liquid asset and provides even more options for the person who helps bring this hacker to justice. You've seen MetaWin do this on the CyberTruck competition. We'll use a similar smart contract and legal advisory firm on the Bugatti.
Skel offers another option. He can tokenize the ownership of the car and the winner can sell the tokenized title if they want but does anyone know how tokenization works? If he tokenizes it, does it mean that the new owner owns the car on Blockchain? How easy will it be for the new owner to sell a tokenized car? I'm a newbie in this. Despite the fact that I don't know a hacker and can't win the money, I'd really love it if someone explained this tokenization thing that Skel talks about in his tweet.
I don't also know how everything works about tokenization of physical asset like the Bugatti but this is what I found upon searching it.
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Digital asset tokenization is the process whereby ownership rights of an asset are represented as digital tokens and stored on a blockchain. In such cases, tokens can act like digital certificates of ownership that can represent almost any object of value, including physical, digital, fungible, and non-fungible assets.
Read more here https://chain.link/education/asset-tokenization
But for ordinary guys for sure we know its expensive to acquire and main those supercars so the only option people could ever had is to sell immediately the Bugatti if it happens that they are the one who can get that bounty.
