A non-fungible token ("NFT") is 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 a 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.
Data embedded into a digital asset consists of metadata (file name, author name, description) and a file up to 1MB in size attached to the asset.
In addition, there are security tokens comprising hash code, IP address, public key and timestamp, which are also embedded in the asset and are held responsible for verifying the authenticity and integrity of the data stored in the asset.
All of the above prevent changes and modifications 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 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 tokens, and even some other files (say, short videos or profile pictures) embedded in them, and they are all 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 towards preserving privacy, confidentiality, authenticity and integrity of data and preventing their misuse.
DCCT introduces simple and reliable tools for secure wireless and online data transmission, digitally signing and encrypting images, audio and video, PDF documents, animated GIFs and other files and storing them on durable and reliable media beyond the reach of cyber attacks.
At the heart of the Telinov8 ecosystem lies a digital asset, up to 1MB in size, with an integrated virtual chip.
This is called a digital chip card.
The "processor" of the virtual chip is powered by artificial intelligence (AI), while the "memory units" are occupied by files, metadata, security tokens and information carriers.
Each card with a virtual chip contains metadata related to the content and content owner (name, title, description) and optionally, a file of any type (no larger than 1MB) attached to the card.
Security tokens, consisting of a hash code, an IP address, a public key, and a timestamp, are held responsible for verifying the authenticity and integrity of the data stored on the card.
The transmission of data between two devices at a short distance, or over a network, is enabled by a unique sequence of numbers representing the information carrier.
Generated by AI algorithms, the carrier provides cryptographic encryption of the transmitted data and prevents it from being modified, lost or corrupted along the way.
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 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, Telinov8 Network relies on embedding information and files directly into the transaction file, 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.