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Can you own an NFT, of a platform displaying an NFT?

2021-11-10

Can you own an NFT, of a platform displaying an NFT?

NFT-Worth

There appears to currently be a small missing piece to the recent explosion of NFT (Non-Fungible Tokens) platforms. To me, it is like real estate. You can own the house, but can you also own the land? Some folks own the land first, then the house lives on the land as an addition to the existing claim. In its infancy, the NFT object alone has its value and permanence along the blockchain, but wouldn't it be true that the platform, like OpenSea.io, could also grab an NFT as it hosts and displays the third party created NFTs? And round and round we go.

NFTs are tokens that we can use to represent ownership of unique items. They let us tokenise things like art, collectibles, even real estate. They can only have one official owner at a time and they're secured by the Ethereum blockchain – no one can modify the record of ownership or copy/paste a new NFT into existence. Source

The NFT, or non-fungible token, is a relatively new concept in the world of cryptocurrency and the blockchain. The idea that a simple string of code could be proofed as a thing rather than a transaction has been floating around for some time, but it wasn't until recently that the idea of outright owning, trading and inflating the string of code has become a popular reality. Now they are even easily created.

How to Make an NFT in 14 Lines of Code

source

// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;

import "@openzeppelin/contracts/token/ERC721/ERC721.sol";
import "@openzeppelin/contracts/utils/Counters.sol";

contract EmotionalShapes is ERC721 {
    using Counters for Counters.Counter;
    Counters.Counter private _tokenIdCounter;

    constructor() ERC721("EmotionalShapes", "ESS") {}

    function _baseURI() internal pure override returns (string memory) {
        return "YOUR_API_URL/api/erc721/";
    }

    function mint(address to)
        public returns (uint256)
    {
        require(_tokenIdCounter.current() < 3); 
        _tokenIdCounter.increment();
        _safeMint(to, _tokenIdCounter.current());

        return _tokenIdCounter.current();
    }
}

NFT's are the beginning of a medium where all digital objects are identifiable, unique, and tradeable. We see the future of the internet as purchaseable realestate or protected real estate, like Federal Land. Since there is no regulatory or controling body for the entirety of the internet, NFT ownership can replace. This of course opens the idea of limiting access to your NFT, and approaches lines of age old problems like discrimination, exclusion, prejudice and prevention.

Whether this develops into a pretty dark future or into an awesomely inclusive future is still to be seen. Likely history will repeat itself and exclusivity will lead to capitalism. The road from here will be paved with our choices as users and developers of NFTs, but it's one that we're looking forward to admiring on the way!