‘ This means that the only way to verify an NFT is created by the original creator is to trace it back to the original creator.’ - How do you trace it back to the original creator? What does this trace look like? Is this a natural world trace or a blockchain trace? If blockchain, Is there a unique signature based on the pixel values of the jpeg that is hashed in some way and that hash is associated with the tokenID? If real world, that’s such a tough ask
I have gone through it. Is there a way nfts can be masked as FT? Basically , creating a currency nft(Naira with different denominations) that can be minted severally? I realise this might just be running in circles of what should be a stable cryptocurrency straight up.
‘ This means that the only way to verify an NFT is created by the original creator is to trace it back to the original creator.’ - How do you trace it back to the original creator? What does this trace look like? Is this a natural world trace or a blockchain trace? If blockchain, Is there a unique signature based on the pixel values of the jpeg that is hashed in some way and that hash is associated with the tokenID? If real world, that’s such a tough ask
Wow! I thought I understood this NFT stuff before I read this😅... You really did a good job for simplifying it💥.
Wonderful article! looking forward to more.
How does minting use energy?
Did you just pawn off the money laundering ish to the decentralized community who spend an awful lot of time pawning it off to the dollar?
Absolutely insightful. Thanks for writing
"There are things in the real world that we are unique by design". We know mogwai doesn't make mistakes. Who are you?!
I have gone through it. Is there a way nfts can be masked as FT? Basically , creating a currency nft(Naira with different denominations) that can be minted severally? I realise this might just be running in circles of what should be a stable cryptocurrency straight up.
Lovely, thanks for making my fatigued brain and body work harder.