The Problems with NFTs
- NFTs are the sales receipt only, not the product
- In game collectible items often have complex properties and mechanics which are not implemented on chain
- trust is low because these are susceptible to rug pulls as the developer can shut down the game at any time
- giving gamers true ownership of their items by ensuring their properties and mechanics are recorded on chain
- value based on what an item is and what it can do instead of based on speculation
What it does
Storing complicated data describing the properties of objects which have actions and can mutate, in a structured manner. Includes a predicate language for expression permissions on objects, allowing for both machine verification of the validity of transactions and human interpretation of the value proposition of an action.
See submission ZIP file for more detailed information.