NFTs on nostr \ stacker news ~nostr

I don't know if it's possible, but it certainly feels possible. Can there be NFTs on Nostr?

I've written and pondered on NFTs a few times and come up with a definition that I think works in laying out exactly what an NFT actually is. I defined NFTs as Verified Unique Ownership (VUO for short). (See https://peakd.com/nfts/@crrdlx/nfts-defined-in-three-words and ponderings at https://peakd.com/hive-167922/@crrdlx/when-you-buy-an-nft-what-are-you-buying-an-nft-thought-exercise.)

The upshot of VUO is this:

V = verified = The NFT (which is nothing more than metadata such as a custom JSON) is openly visible to all to verify and cannot be altered. U = unique = The NFT/metadata is unique. Although a monkey jpeg may be the same for all 1,000 mints, the owner of mint #1 will definitely not trade with the owner of mint #859. O = ownership = The NFT can be transferred to another person and that transfer can also be verified.

With regards to Nostr, the V, the verified, seems to be the challenge. It seems that the hang-up would be persistence (or lack of persistence) in data. That is, having the metadata persistently stored on Nostr may be a high hurdle. It may be impossible. For instance, if I minted an NFT and the metadata got stored on several Nostr relays, it seems that would work. The data can be verified by others. It's persistently verifiable until...those relays go down or close up shop or purge that metadata note. Then, that NFT is gone. This, of course, differs from a blockchain.

Regarding the O of ownership, I'm really not sure how that would transpire on Nostr. But, I think clever people could figure that out. If the persistent V of verifiability were solved, then a persistent alteration should also be possible to track on the "Nostr blockchain", the "nostrchain."

If this were possible...what would be the use cases? I really don't know. I do think they would emerge though. Being around Nostr suggests to me that the fun-factor would be off-the-charts though. There are some clever and comical people in this space. Fun, is an important use-case in my view, by the way!

Wen NFTs on Nostr?

100 sats \ 0 replies \ @nym 22 Apr

Interesting! At least it wouldn't bloat the blockchain, but just Nostr relay runners.

For the ownership (O) aspect, the transferability of NFTs on Nostr would require a mechanism to track and verify ownership transfers. This could potentially be achieved through a consensus mechanism similar to those used in blockchain technologies, where multiple relays agree on the state of ownership. The specifics of how this would work on Nostr, considering its decentralized nature and the potential for relays to go offline, would need to be carefully designed to ensure security and reliability.

0 sats \ 1 reply \ @03d8676a74 23 Apr

Badges?

10 sats \ 0 replies \ @crrdlx OP 23 Apr

Interesting you mention badges. First, aren't those client-specific? (I'm really not sure.) If so, that wouldn't work as an NFT...the whole point of an NFT is that it is unique (U) and if each client did their own thing...not unique.

Also, the (O) of ownership would be a problem in my mind. Though I don't know how badges work on Nostr, my guess is that they are assigned to me (like an airdrop?). But, as such, I can't transfer them away from my "account".

Anyway, the reason I say it's interesting is that I kind of had a discussion on this on badges on the Hive blockchain...are badges really NFTs?

Appreciate the idea.