Non Fungible Token (NFT)
Non Fungible Tokens are groundbreaking for the digital economy. They enable digital asset ownership to be unique and identifiable. NFTs first appeared back in 2014 with the first known art NFT, “Quantum.” Since then, technology has experienced an incredible rise. Today, there are many more use cases in multiple industries such as art, collectibles, gaming, conferences, etc.
Multiple markets face massive disruption based on the technology of unique digital representations. Enabling individuals to own their digital assets has brought a new economic incentive to the crypto world, and along with it came a large number of new users to partake in this movement. After the first few artists started, mainstream media reported that big stars from Hollywood such as Paris Hilton, Eminem, Justin Bieber, and Stephen Curry have joined in buying and creating NFTs.
Some NFT projects started as early as 2017-2019 and remained primarily unrecognized during the “Crypto Winter.” Many of them have seen massive growth over the last year, pushing the total volume of NFTs to never imagined highs of over $23 billion in 2021 alone.
Decentralized Digital Certificate (DDC)
The BSN-DDC Network is the equivalent of the BSN Spartan Network in China. Instead of non-crypto public chains, the BSN-DDC network supports over ten Open Permissioned Blockchains which are modified from popular public chain frameworks to be fully compliant with Chinese regulations, but keep as many public chain characteristics as possible, such as transparency and ownership of data. The BSN-DDC Network data center software will also be open source and free to install. For more information, please visit ddc.bsnbase.com.
As term of DDC or Decentralized Digital Certificate is better terminology that we believe in to define and express this issue.