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  • Will NFT encoding be the best for encoding objects and assets in the Metaverse/Hyperverse?

    Luca Petrucci
    2 replies
    We at Sgozz think it is possible to recover the NFTs of the most disparate platforms to allow users to reuse these assets through Augmented Reality. NFTs become real objects with which to customize one's reality. Do you like our idea and philosophy regarding this new technology? Yes or no, could you tell us why?

    Replies

    Philip Snyder
    Delphi — Digital Clone Studio
    Delphi — Digital Clone Studio
    "NFT encoding" I need you to elaborate here - no idea what this means. And I've written some smart contracts before too It sounds like you mean linking real world objects to NFTs?
    Luca Petrucci
    Of course @philipsnyder, I elaborate my concept for you better. Start from this idea: separate the physical world from the digital world. For example getting to know a person physically or getting to know a person through a social network (digital). For me they are both valid experiences, real if we will. An NFT is nothing more than a Smart Contract, which is really nothing more than a program. But this has made it possible to insert concepts belonging to the physical world, such as property, the exchange of value, into the digital world. But also the use case you mentioned: linking real objects to NFTs (digital). Blockchain technology and the NFT standard has made this possible. In my opinion, this has been achieved because the smart contract in general has allowed a process of standardization. If you think about it, the modern history of society has pursued standardization to codify objects, services and interactions. Examples are: shares or derivatives that are traded on the financial market; employment contracts for employees; the production of many goods. In a future where the physical world and the digital world will no longer be so separate, could we think that NFTs (or rather this new object standard) will be the objects or goods of the future that we will use in our daily lives? Could we define a new Smart Contract standard that will define the services? A new standard that will codify interactions? If we could build these new standards that regulate interactions, exchanges, objects and combine this with a reading mode like AR, could we build a real hyper reality? What do you think about it?