#How to mint real, unique and self-verifying non-fungible tokens and put them up for sale on a tailored-fit blockchain
#Introduction to non-fungible tokens
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 a particular digital or physical asset (e.g. license, user manual, terms of use, personal note, etc.). Anyone can mint an NFT and sell it on digital markets (such as NFT marketplaces), at any price and in any currency.
It is believed that the greatest value of an NFT lies in its authenticity, irreplaceability, traceability and uniqueness. Although each author's work is authentic in its own way, the fact is that most of such assets are publicly available in formats, sizes, or resolutions different from the original and above all, of questionable quality. All this causes damage to an author's work in regard to its value and spoils the image of non-fungibility.
#Different approaches to what an NFT represents or what it refers to
An NFT can refer to a digital box of curios (e.g. an unpublished series of photographs, premium pieces of music, etc.), but not necessarily. There certainly must be proof of the authenticity and inalterability of an NFT.
It is commonly said that an NFT represents data stored on a blockchain, which is a decentralized database that is publicly shared and synchronized amongst nodes of a computer network and operates without the need for central authority. A blockchain ensures that the data stored within is virtually immutable and properly verified. In this context, minting an NFT also defines how one's work becomes part of a blockchain.
In fact, it would be best to embed all the necessary verification information, including the material used to promote an NFT, directly into the file and distribute it along with the digital medium that represents the NFT. We believe that authentication should be performed independently of external sources and therefore all data must be contained and available at all times within the NFT itself. No matter how secure it is, a blockchain is an externally controlled network and is not controlled by the original owner of an NFT. In the event of any problem with the blockchain, the integrity of the NFT would be irreparably compromised, which we must not allow to happen.
#Requirements to be met for creating and minting an NFT
It is possible to trace an NFT from creator to customer by validating the transaction on a blockchain, or by directly extracting information embedded into the NFT itself. It should be noted that ownership of an NFT does not substantially confer copyright or intellectual property rights on the digital asset that the NFT is claimed to represent. The appropriate license to use, copy, distribute or display items being sold or traded must therefore be associated with each NFT entering the market.
When it comes to creating/minting an NFT, it is required that the final product be identical to the author's work as it came out of the workshop, with the addition of embedded information necessary for its veridical identification. A non-fungible token is not just a virtual certificate of ownership of a digital object, but a true digital art and an expression of the will and intention of creative artists, who invest their knowledge, talent and money, to finally have their works valued accordingly.
#Set out for the future of creating authentic non-fungible tokens
The greatest value of a digital asset, such as a non-fungible token, lies in its authenticity, irreplaceability, traceability and uniqueness. Telinov8 Network is able to verify the authenticity and integrity of data independently of external sources and regardless of external changes that may occur in the meantime.
#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 dealing with NFTs (non-fungible tokens) and any other digital assets including, but not limited to pictures, photos, animated GIFs, songs, movies or e-books.
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