So, just had a talk in the @radixdlt Telegram chat about #NFT and that NFTs have a big issue at the moment. Every NFT at the moment is not actually non-fungible. Or better said, the asset is not non-fungible. Meaning your NFT can become worthless in a fraction of a second. 1/5
Every #NFT, is just a link. Just like an address you put into your browser to visit a site. When you own an NFT, you own a link to the asset. But that asset can be removed or changed, which leaves you with something much different than the asset, maybe with nothing. 2/5
This is a big issue to be solved, the prices of NFTs get higher and higher, it's a hype, a bubble and at with the current tech, it's worth nothing. You do NOT own an asset, you do NOT posses an asset when you own and posses an #NFT.
A solution needs to be developed 3/5
A solution needs to be developed 3/5
We need an #NFA an Non-Fungible Asset.
The NFA itself is stored in the #DLT. The actual data, the binary data, encrypted or unencrypted, is stored in the particle. 4/5
The NFA itself is stored in the #DLT. The actual data, the binary data, encrypted or unencrypted, is stored in the particle. 4/5
An example of how to do it: If your #DLT has the possibility of a text message, you can store hex code in it. The message can also contain an index, which points to all the particles needed. Now the #NFA can be constructed from the messages in the particles. 5/5
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