> token-based ownership

It's just token ownership. What ties tokens to actual physical assets is the institutional framework of laws, contracts, courts and law enforcement. Not a glorified pointer in a glorified ledger.

> this early in the adoption of token-based ownership

NFTs are on their death bed, there's nothing early about this.

Common problem for many corporations, especially in times like these. They basically put it on life support the moment it is released so it never has a shot