Thread by @DBCrypt0

1/ #NFTs on #MultiversX are unlike any other NFT’s 🚨

But why? Not because of the art or utility but because of the ownership aspect

You may have heard someone from the #Elrond community mention that #ElrondNFTs provide true ownership

What does that mean though?

Read on 👇

2/ #NFTs on #MultiversX are issued as ESDT tokens with metadata on top

#Metadata is what gives the #NFT the traits, name, rarity, etc.

Having the NFT’s issued as tokens in this manner allows them to be stored and transferred same as any token in your wallet, ie. #Eth, #BTC 👇

3/ How is this different?

Well #NFTs on #Ethereum and most ⛓️’s are issued basically as data in a smart contract

So that #BAYC you “own”, well it is just info added to the SC and ⛓️ saying you are now the owner 🤔

Ever wonder why #Metamask doesn’t always show your #NFTs? 👀

4/ That’s because you can’t “store” an #Ethereum NFT in your wallet

MM just queries the blockchain to find data saying it is yours

Same goes for most ⛓️’s and probably your favorite one too 😳

Crazy huh? 🤯

#MultiversX #NFTs ⚡️

5/ This is also why #ElrondNFTs are MUCH more secure 🔐

Unlike on #Ethereum where someone can gain control over your wallet by you interacting with a malicious NFT/SC

This is not possible on #MultiversX

This paired with true-ownership has changed the #NFT game 👇

6/ Hopefully this 🧵 helps you better understand #NFTs and the ownership around them

So have you dove into the #ElrondNFT space yet?

If not, how come? 👀

Check out this easy start guide or DM me with any questions! 💪

#MultiversX #missionX @egld_initiative ⚡️

https://twitter.com/DBCrypt0/status/1578803835635519488