3 ms·
It would be easy to create standards for Digital Asset and Identity so that producers could represent ownership on their servers and allow for trade. The only t
by acjohnson55 5y ago
It would be easy to create standards for Digital Asset and Identity so that producers could represent ownership on their servers and allow for trade. The only thing NFTs give you is hosting for this in a logically centralized network. Hypothetically, this allows for operations on different contracts to be composible, but I don't think this happens much in practice.
- bcherny 5y agoIt’s two sides of the same thing, I think. Some things are standardized with protocols: IP, TCP, SQL, etc. Other things are standardized with storage formats: FAT, NTFS, etc. NFTs fall into the latter bucket, with some conventions for the former but nothing as mature as a protocol.