What's the difference between Numbers and NFT
Last updated
Last updated
NFTs (non-fungible tokens) have gained a lot of attention in recent years as a way to represent ownership of digital assets, but they have some limitations. One of the main limitations is that NFTs are not directly linked to the actual digital media files they represent. Instead, they are simply random characters that represent a token of ownership but don't provide any context or information about the asset itself.
This is where Numbers Protocol comes in. Unlike NFTs, Numbers Protocol uses a unique identifier called the Numbers ID (Nid) which is directly linked to the digital media file it represents. The Nid acts as an address for the asset in the decentralized web, allowing for easy access to important information and context about the asset.
Numbers Protocol offers a revolutionary solution for the creative industry, by keeping a complete and immutable record of the Chain of Creativity on the blockchain. This record includes not only the final product, but also the process of generating and sharing creative ideas, innovations, and artistic expressions. By creating the Chain of Creativity, links can be established between individuals, groups, or organizations that contribute to and build upon each other's creative work, ensuring a transparent and verifiable history of the creative process.
Another advantage of Numbers Protocol is that Nid can be shared across blockchain networks. This asset-centric architecture makes Numbers Protocol a powerful solution for real-world problems such as misinformation in news media, royalty distribution in the music industry, user-generated content (UGC) in the online space, and more.
In summary, Numbers Protocol takes the concept of NFTs and takes it to the next level. By providing a direct link between the digital media file and its representation in the form of Nid, and by allowing for the creation and storage of integrity records and context, Numbers Protocol is able to solve problems that NFTs alone cannot. More discussions regarding "NFTs Don’t Work the Way You Might Think They Do" can be found in the article.
