Disclaimer: This article is intended to convey more market information and does not constitute any investment advice. The article only represents the author's views and does not represent the official position of MarsBit.
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Source: gbaci
Original title: Multi-Resource NFTs — An Innovation For the Future
At present, most NFT have fundamental flaws for its expected and future usage scenarios. Why? Because when it comes to real application (i.e. using NFTs in a decentralized and censored manner), almost all NFTs do not reach their potential, including those on Ethereum and Solana. In order to understand why this happens, we must first understand what an NFT resource is.
What is an NFT resource?
When we enter the NFT market, we will find that the NFT on the homepage is represented by a thumbnail (that is, a small-sized picture). We will naturally think that this thumbnail is part of the NFT (this is supposed to be, but please read this article first and then think about it).
NFT thumbnail on the home page of
Assuming you are interested in a certain NFT, you click on the thumbnail to enter the NFT page, and you can see more details of the NFT. You click to buy, and see, NFT is yours now...is that true? Not at all!
In most cases, all you buy is a link to a file that exists on another computer (or database). Even the thumbnail you click on does not belong to NFT. It belongs to the NFT marketplace platform that hosts the NFT. Typically, the market platform creates a thumbnail from the main NFT and stores it on its own computer. But that's a big problem because it violates the real ownership of the NFT. If two years after purchasing NFT, you find that your NFT artwork is gone and there is only one link/image left, how would you feel? The reason why
setting has become the mainstream form of NFT is because the existing NFT protocols have not created space for multiple NFT resources. Therefore, each protocol treats NFT as a single file. If it is a cryptopunk, it can only be a cryptopunk (specifically, a high-resolution image). So, in order for OpenSea to display its image, they need to create a new file for the NFT thumbnail, reduce the size of the main file, and store it on their computer.
Therefore, the NFT resource is just a file belonging to the NFT.
Single-resource NFT and its limitations
All NFTs on Solana, Ethereum, and Flow only have the ability to have a single resource. This means that any new resource must be created by someone else and linked to the NFT in a centralized manner. In addition to the centralization problems caused by single-resource NFT, single-resource restrictions also lead to poor experience for authors and collectors. To better understand this, we take two situations as examples.
In the single resource NFT protocol, book NFT can only be a PDF file of a book. Ignoring the necessity of thumbnail files, there is also the fact that if the book has an audio version, it will need to be cast into a new NFT.
Most PFP NFTs (Profile Picture NFTs, or social media profile pictures) collections hope to exist in the metaverse. Unfortunately, due to its single resource limitations, almost all NFT works do not have such a future.
If you want to enter the metaverse, the virtual image needs to comply with the design specifications of the metaverse. A 2D Bored Ape cannot be implemented in the 3D metaverse. In order to make the Bored Ape compatible with the metaverse, artists need to create a new 3D representation for the 2D Bored Ape and then cast a new NFT. Therefore, the owner of the 2D Boring Ape will end up with two identical NFTs. What doesn't seem right? How do two NFTs become one NFT? Imagine that if there are 10 meta-universes, their design parameters are all different. Boring ape holders need to turn their only NFTs into 10 identical NFTs. That's too confusing.
Chunky's 2D and 3D resources in the same NFT
Multi-resource NFT
For example, you have a book NFT, which has three resources - PDF file, MP3 audiobook and PNG thumbnail:
- If you access NFT on a book reading application or website, the PDF file will appear.
- If you access NFT on the audio streaming service, the MP3 audiobook will appear.
- If you access NFT through the market, the PNG thumbnail will appear.
Multi-resource function makes hybrid media NFT possible
In PFP virtual image, it needs to enter the meta-universe with 10 different design parameters, and it is even more difficult to do the following:
- PFP NFT project steals the holder's NFT
- . Because the file link is invalid, NFT holder loses his beloved virtual image
- . In addition to making the NFT delivery experience smarter and more decentralized, the multi-resource function has more application scenarios. It also makes NFT more secure
Multi-resource achieves higher security
At present, most NFTs are stored on IPFS, which means that NFT has a link to directly reach the resource, and this resource is hosted on IPFS. However, the problem with IPFS is that unless your content is constantly being interacted, you have to pay to upload that content to the node. In other words, you have to encourage storage vendors to host your files within X time. If your NFT resources have not interacted for a long time, the next time you look at NFTs in the NFT market, you will most likely find that the link has expired (unless the market stores your NFT resources in their centralized server).
Conclusion
If NFTs are really ready to take over digital business, they must first be smarter and safer. In this regard, the single resource NFT protocol is unqualified.
Editor in charge: Kate
