Content type tag (summary, discussion)
Research summary
Category
Blockchain, NFT, smart contracts, DApp
Description of why this would be an interesting post
NFTs have been growing in application and adoption in new use cases. Assessment of their technical components, protocols, standards, and desired proprieties is required to explore further possibilities such as elimination of gas fees.
With the advent of various NFT standards in blockchain systems, there are several opportunities to be derived in global markets beyond arts and other creative content.
The paper accesses various NFT token asset standards, use cases, opportunities and challenges.
Summarising this research paper for SCRF would be a step towards the promotion of developing other NFT use cases and reshape business paradigms. There are possibilities in various fields including ticketing, warehousing, IP and other forms asset tokenisation on the blockchain.
This seems like a great fit for the forum. Content from Research Pulse more often than not is going to connect with what the forum is looking for, but I appreciate the work you put in to discuss the value to forum.
I’m going to ask the community to also take a look at this in our chat, but I believe this will be something that the content team takes a look at next to evaluate coverage needs.
@GloriaOkoba, there are several platforms offering NFT projects and NFT marketplaces. Some notable ones are Opensea, Rarible, Despace.io, Immutable X etc.
NFTs is a fast rising area of blockchain application and is currently being weighed down by a lot of security issues. It is pertinent that a research like this is done to analyze these issues.
Additionally, a follow up on this research should be an attempt to proffer solutions to deal with these issues decisively. NFTs have become too big to sweep under the carpet as they are finding applications in various areas of our lives today.
thank you for sharing, it is detailed and thoughtful
NFT have the potential to be infinitely useful in many industries by increasing security and processing costs for transactions and providing a new platform for the gig economy to work through.