NFTs, Digital Twins, Carbon and Storage (Part 1)
The number of articles about “what is an NFT?”, is mind-blowing. As you know the NFT is one of the most important methodologies to implement the idea of a web3 era, so most likely some of you have already checked it out… and did you get it properly? When writing this post, a quick google search of that very phrase returns an incredible 390 million results.
I was curious about how many result pages this corresponds to… So, did you know that google limits the results to 25 pages? See you already learnt something to shine with during your next trivia night!
Anyway, we are drifting, with all the articles about NFTs we thought the best thing to do is to write another one. The definition of an NFT is illustrated in the below GIF:
Jokes aside, these days NFTs are oftentimes associated with a piece of digital art. The ground breaking (and really innovative) part here is how the non-fungible token embodies a digital proof of ownership, or the rights of exploitation of the good attached to the token. In this context we start to see myriads of other NFT applications, such as whisky or wine bottles sold as, or in relation to an NFT. This is where it becomes really interesting, the connection between the physical and the digital.
In this series of articles, we will speak about how, we at Filedgr, use NFTs. We will show how we leverage the NFT concept to represent Digital Twins. How we create the unique token of a physical object, and how we represent the lifecycle events of that object. We enrich every Digital Twin with authentic data. Every real world object will have a digital equivalent, with trustworthy data linked to it.
Sustainability is close to our heart, so we will first go into the details of the DLT technologies we could leverage, not to contribute to heavy CO2 emissions, since we actually want to help to lower those. We will also dive into the details on what role storage plays in the NFT equation.
Stay tuned and see you next time space cowboy!
