Calculus Features: Native NFT Support — Empowering Data Commercialization
Digital goods have remained predominant for quite some time now, especially in the gaming industry. Despite their popularity, the true value of these digital goods remained undermined due to one imminent issue — they can be easily copied by anyone and everyone with malicious intentions.
In this era of digital abundance, where digital content can easily be copied and distributed, we need a solution that creates the possibility to make digital goods scarce, impenetrable, and impossible to plagiarize. NFT or Non-Fungible Tokens hold the ability to make that a possibility.
Adding an NFT tag to content can make your digital good extremely easy to trade while also protecting your ownership, which further adds to its value. Currently, most NFTs can be added to collectibles, including digital art and virtual goods among gamers.
NFTs for the cause of Data Monetization
One of the most significant potential applications of NFT is for data monetization that can completely upend the way in which digital media is stored, distributed, and commercialized. In the current scenario, most digital assets and goods are being monetized on centralized platforms such as Facebook, Spotify, Netflix, etc.
Here is where the problem begins-
These centralized platforms act as intermediaries between the creator or owner of the content and the data or content itself. Not to mention the number of middlemen between the owner of this data and consumer increases by virtue of these platforms employing their distributors.
Although you, as the owner, hold the copyright to your work, you are still relinquishing part of your ownership and control of your data to the platform where you are storing it.
The rise of NFT has reformed the charter of developing new content and data ownership model to make it more centered around the content’s owner. As revolutionary as blockchain technology has proven to be, there is a lack of platforms and protocols that allow users to leverage the power brought about NFTs. Enters Calculus!
How Calculus Empowers Users to Retain Full Ownership of your data and enables you to monetize it as well?
Native NFT support is one of the most fundamental functionalities of the Calculus decentralized data storage protocol. We will help our users realize the true value of their stored data, thereby enabling them to maximize their digital goods business goals effectively and in real-time.
When you create the first batch of content or data and upload it on the Calculus consensus network, you will be able to add NFT tags and create NFT data on the platform. In the future, with the increasing value and mobility of these NFTs, users can enjoy all the profits of the value-added space of works through transactions. It also realizes the binding of users and rights, reflecting the core connotation of the NFT ecosystem. At the same time, Calculus saves storage space, reduces query costs, and improves efficiency through duplicate checking technology. Users shall also be able to trade NFT with ease.
Let’s consider the following example for better understanding-
Suppose that a user uploads an original painting onto the Calculus network. Subsequently, the user also selectively adds NFT tags to the uploaded painting. Now, another participant on the network modifies the painting using PS technology. In such a case, thanks to the implementation of the Jaccard Similarity algorithm, the Calculus network can identify the alteration and modification made to the original painting, preventing the modified version from being labeled as NFT, thereby protecting the property rights of our users.
Besides encrypting the original data, users shall also be able to leverage the Native NFT support for authenticating access to digital experiences. This shall open new prospects not only for individual creators but also industries and brands to access flexible data monetization and management.
Why now, and What does it bring for the Calculus Community?
Digital creativity is on the rise, and so is the demand for such content. By implementing NFT on the Calculus network, we aim to open unlimited opportunities for creators and businesses to model around media and digital goods. In fact, digital ownership is not a new phenomenon, but most certainly one that is incremental, and Calculus has followed up on this growth, much before our inception.
By allowing the creator to embed their NFT claim to ownership into their data on the Calculus network, we hope this shall aid in the mass adoption and acceptance of the process of minting, validating, and utilizing NFTs. Yes, technological innovations, including IFPS, are quite a revolution, and they solve many data storage problems, but the cause of data monetization still remains largely unanswered. These services are not prepared to support large chunks of data and force the creator to employ a considerable amount of effort to make their content accessible and secure.
The Calculus Network — Pockets of Unlimited Opportunities
Calculus remains well-positioned to ensure the protection of ownership rights of our users and building a network that allows users to produce and distribute high-quality NFT data without any barrier to entry cost. Invariably, in this process, Calculus shall also gain a clear first-mover advantage as well as continue to facilitate the adoption of blockchain and creating opportunities for the Calculus community to showcase and monetize their data using NFTs.
In the real world, you have laws and deeds to prove and protect the ownership of valuable assets. In the Calculus realm, we take it a step further by allowing the landing of massive amount of authentic data, securing it with NFTs, and finally allowing our users to seamlessly leverage the same data to generate true value.
Say hello to Calculus and learn more about the network as well as other features-
Twitter: https://twitter.com/calcu_io
Website: https://www.calcu.io/
GitHub: https://github.com/calcuio
Whitepaper: https://23517e0f-5a6a-4942-92d1-eef9a6c6e927.filesusr.com/ugd/ec23ee_45fb1eac7e294d4984a9de0c7cfbdcf9.pdf
