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I should have made the connection more clear. Yes, you can create various collections on different chains. Say there's one on Eth, and one on Binance. If I wa
by iamwil 6y ago
I should have made the connection more clear.
Yes, you can create various collections on different chains. Say there's one on Eth, and one on Binance.
If I want to purchase the NFT, which one should I buy from? Which one should I honor? Well, depends on what I value as a counter-party.
I know that Binance owns all the nodes, and can roll them back at their whim. I know that no one in Eth can roll back easily.
So if I value this kind of immutability as a potential owner of an NFT--I want my transactions to be final--then I'm going to go with the NFT contract on Eth.
There may be other things I value instead of immutability, but the point is just the answer to "which NFT contract on which chain is the 'real one'?" is simply, "The one your counter-party honors, for whatever reason."
There may be instances where both are honored at the same time, but in different domains.
- jobigoud 6y agoI understood that but you can have several instances of the same asset on a single immutable chain, for example Ethereum.