According to Fox News, the International Olympic Committee (IOC) has replaced Olympic swimmer Gary Hall Jr's 10 medals that were destroyed in the Los Angeles wildfires (source: Fox News, May 6, 2025). This event highlights the vulnerability of physical assets to disasters, underscoring the increasing relevance of blockchain-based digital asset solutions, such as NFTs, for secure and immutable proof of ownership. Traders and investors in the crypto market may see heightened interest in tokenized memorabilia and NFT insurance products as a hedge against physical asset loss, especially following high-profile incidents like this.