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Vipin Bharathan Dec 30, 2021, New York.
neferti is a project in Hyperledger labs. Hyperledger labs is an open source code community with a low barrier to entry. Any and all are welcome to join and contribute to the lab. The lab maintainers will be the governors. neferti plans a low-code and highly secure implementation to create ecosystems for issuing and trading NFTs, in a protocol agnostic way. neferti code will address market place utilities for issuance and trading of NFTs. neferti implementation will allow for extensibility and openness. An initial reference Hyperledger Fabric implementation is planned.
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In NFT, the definition of fungibility is negated; that is, each token is unique and one cannot be exchanged for another.
Fractionalization is a closely related concept, in most implementations of NFT, tokens cannot be fractionalized. If fractionalion is available, then fractions of the same NFT token are fungible; another related topic is the concept of tokens of the same kind; an example used is skins in a game, there may be many copies of a skin that is fungible as long as certain elements of the meta-data match. This is the idea behind ERC-1155.
A software system for the creation and trading for NFTs has to account for a way to tie the NFT to the unique object at issuance (Identity, authorization and a global registry); a marketplace for trading NFTs, which means establishing a price for the NFT as well as means to transfer ownership. This means an An implementation of these actions through interfaces supported by NFT token attributes and metadata.
As reuse Reuse is one of the defining characteristics of human endeavorsoftware development, the following is proposed.
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As Ethereum has been the main driver of NFTs, standards are most mature in EIPs (Ethereum Improvement Proposals). These standards have been implemented in Open Zeppelin and in other locations. Three standards are of note in NFTs: ERC 721, ERC-1155 and ERC 998. Of this ERC-721 is most commonly used. The implementation of eThaler as ERC-1155 in Hyperledger labs and its subsequent reuse in the Climate Accounting project means that these standards are mappable to Hyperledger projects like Fabric.
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- Can this infrastructure be flexible enough to define and issue different kinds of NFTs that conform to different standards?
- Can a multi-protocol approach work (this is considerably more difficult as it involves creating smart contracts in different protocols)- What about WASM approaches (investigate Solang HL Lab)
- Interoperability of NFTs can NFT issued on one protocol move to another? Be paid for in another
- Oracles that underlie NFTs.
- Submarining- Is this relevant for non-IPFS storage mechanisms?
- Other damping mechanisms- A governor or clamping mechanism with a circuit breaker for extreme events
- Incorporate AI and XR in the stack
Handle Current limitations of Web3 implementations (Moxie M)
- "Design systems that can distribute trust without having to distribute infrastructure." . All data to be in distributed infrastructure (In Fabric this can be Private Data Collections)
- "Reduce the burden of building software." - No code platform....A smart contract generator, for Go implementations first.
- A generic issuer front end.
- A wallet front end for transfers (not tied to a particular access point)
- Platforms vs Protocols.
- Avoid the worst of both worlds: "centralize to control, decentralize to reduce speed of change".
- Wallets need interfaces to decentralized data without having to rely on a centralized intermediary.
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Skins
Storage Solutions
cost of ipfs storage
cost of storj storage