An NFT ("Non-fungible token") can be any asset in digital format, including but not limited to pictures, photos, animated GIFs, songs, movies, e-books, or a digital document associated with another digital or physical asset (e.g. license to use, terms of use, personal note, user manual, etc.).
Blockchain is a decentralized database that is shared and synchronized amongst nodes of a computer network and operates without the need for central authority.
Instead of being locked within a single database, as is the case with centralized systems, files and information are diversified across the blockchain and made available to as many computers connected to a common peer-to-peer network as needed.
The process of creating an image, music, video or any other digital file and turning it into a digital asset that runs on a blockchain is called "NFT creation".
The process of turning a digital asset to a non-fungible token by taking the necessary steps to make it authentic, recognizable, traceable and permanently immutable is called "minting an NFT".
Most blockchains use inadequate mathematical methods to validate transactions, which unnecessarily burden the entire blockchain system and make it more complex and expensive than it should be.
On the other hand, appropriate software tools, such as Telinov8 WM, will make the NFT minting process transparent and easy to follow, increase reliability and efficiency and lower costs.
The greatest value of a digital asset such as a non-fungible token is believed to lie in its authenticity, irreplaceability, traceability and uniqueness.
Data embedded into a digital asset consists of metadata (file name, author name, description) and a file defined as an invisible digital watermark.
In addition, there are so-called "security tags" that consist of a hash code, IP address, digital signature, public key and timestamp, also built into the asset.
Metadata, invisible watermarks and security tags, all together, prevent any changes and alterations to the original file structure and preserve immutability.
Not really. For a digital asset to be represented as an NFT, there must be a certificate of authenticity and proof of non-fungibility associated with it.
There are several ways to achieve this, but the most viable solution is to permanently and immutably embed the data into the digital asset itself, using appropriate software tools.
No, you can't. You can only sell an NFT on a platform that utilizes blockchain technology and allows your potential customers to authenticate your NFT.
You can sell NFTs in any currency, be it fiat currency (eg US Dollar, Euro, Pound, etc.) or cryptocurrency (eg Bitcoin, Ethereum, etc.).
You don't have to use any specific shopping platform to sell an NFT, but you do need a platform that utilizes blockchain technology and allows your potential customers to authenticate your NFT.
Each NFT has metadata, security tags, and even some other files (say, short videos or profile pictures) embedded in them, and that data is permanently stored there - provided the NFT is treated as a whole.
If we try to copy a part of the NFT or capture the moment (eg take a screenshot, record a sound, etc.), the embedded data will disappear.
You'd have some sort of video or audio stored on your device, but without the metadata that allows verification of the original digital asset, it no longer constitutes a true NFT.
Now it's another file that resembles an NFT, but it's missing key information that would testify to its authenticity.
Anyone who purchases a digital asset with a Certificate of Authenticity and Proof of Non-Fungibility permanently inscribed in it can claim to have purchased and own a genuine NFT (real photo, animated GIF, music, video, etc.).
This in no way prejudices the right of others to own it if they purchase it (unless otherwise specified by the seller), nor does it in any way infringe the copyright of the NFT owner.
Yes, it is. It is possible to trace an NFT on its way from creator to customer by validating the transaction on the blockchain, or by directly extracting the information embedded into the NFT itself.
No, this is not possible.
In the event of any intervention on the NFT, its data will no longer be readable (an error will be reported), which means that this digital asset is no longer considered irreplaceable and authentic.
Accordingly, it can no longer be called an NFT and cannot be part of the blockchain.
Telinov8, also known as Digital Chip Card Technology, or "DCCT" for short, represents a set of innovative solutions implementated in security protocols and e-business systems that gravitate around digital products with the capacity to preserve the privacy, authenticity and integrity of data and prevent their misuse.
DCCT introduces simple, artificially produced and reliable tools that include digital signing, authentication, secure wireless and online data transfer, encryption and decryption of images, audio and video, PDF documents, animated GIFs and other files.
At the heart of the Telinov8 ecosystem lies a digital chip card.
It is a digital asset with processing and memory units integrated into a virtual chip and forming an integral part of the whole.
A digital chip card consists of
information carrier (such as audio signal, QR code, etc.), which underlies the process of transferring data stored on the card;
data component, which corresponds to the content stored on the card;
security tags, which are embedded in the card and comprise hash code, IP address, digital signature, public key and timestamp; they are found responsible for verifying the authenticity and integrity of the data stored on the card and transferred from device to device over a short distance, or shared online.
Telinov8 values your privacy and aims to guarantee the credibility of data that is collected, processed, stored or shared.
Always striving to get ahead, Digital Chip Card Technology acts in the service of social responsibility and seeks sustainable solutions to environmental problems.
Telinov8 is a guiding light for everyone who is looking to mint real, unique and self-verifying non-fungible tokens (NFTs) and put them up for sale on a tailored-fit blockchain, improve blockchain technology algorithms, insert metadata and files of any type directly into a digital asset, cover all aspects of digital copyright and intellectual property protection, initiate contactless transfer of sensitive and confidential information, documents, audio and video files, images and text messages from device to device over a short distance, provide reliable and secure channels for the transmission of financial information, implement efficient access control solutions, etc.
Telinov8 WM is a desktop and cloud-based app and the driving force behind digital chip card technology ("DCCT"). It enables us to permanently insert metadata, images, audio, video, PDF files, text messages, or bank transactions directly into a digital asset, which can be of any size and any type, from small text files, Excel, Word, PDF documents and images to e-books, music albums, videos, movies and digital chip cards.
The inserted metadata and files are invisible, inaudible and in no way compromise the structure of the original file.
Telinov8 WM has the option to validate the watermarked (NFT) file, read out all the metadata you have entered, confirm the presence of the security tags and extract the watermark.
Telinov8 WM is able to verify the authenticity and integrity of data independently of external sources, even when you're offline.
Telinov8 Network is a simple and reliable blockchain solution with up to three nodes connected to a common peer-to-peer (P2P) computer network and sharing broadcast data with each other.
Unlike other algorithms based on a large number of nodes and the use of inadequate computing that unnecessarily complicate the process of verifying NFT transactions, our blockchain relies on permanent embedding of information and files directly into the transaction file using Telinov8 WM software, which greatly simplifies the whole thing.
#Set out for the future of creating authentic non-fungible tokens
#Telinov8 Network is a simple and reliable blockchain solution with up to three nodes connected to a common peer-to-peer (P2P) computer network and sharing broadcast data with each other.
The data that is transmitted and shared throughout the blockchain is referred to as a digital message.
This technology is primarily adapted to deal with NFTs (non-fungible tokens) or any other digital assets including but not limited to images, photos, animated GIFs, songs, movies or e-books.