Visionary NFT metadata unifier protocol DeStation has launched its expansive new network to become the Internet of NFTs (IONFT) by laying a foundational infrastructure and ecosystem to support all non-fungible tokens (NFTs), including its applications, systems, and other services. The protocol focuses on Smart Collectibles – NFTs that will unlock the new phase of the Internet.
Through its multi-chain blockchain communication support, the interoperable decentralized DeStation protocol aims to enable seamless transfer and management of NFTs and Smart Collectibles, regardless of their underlying blockchain. Through this breakthrough, DeStation expects to provide liquidity to all assets held in these tokens that were previously illiquid.
Non-fungible tokens (NFTs) have taken the world by a storm thanks to their usefulness in representing ownership of a unique virtual commodity (digital art, music tracks, tweets, and so on).
However, not many people are aware that some NFTs, called Smart Collectibles, can be used to access and determine ownership of any physical or digital resource (even off the blockchain), including products, services, and event access.
Essentially, a Smart Collectible is a unique piece of code you can hold in your digital wallet and use as an access token to something of value that others can’t access. With applications ranging from digital gaming and media to finance and property, Smart Collectibles create immense possibilities and open the door for the new phase of the Internet.
With its revolutionary technology, DeStation will join others in the industry in making major steps in the NFT sphere. Some of these great people are helping out immensely to make the dream of DeStation become a reality, including:
- Andrew Steinwold from Zima Red, a metaverse-themed media hub, newsletter, and podcast that explores and provides thought-provoking insights on the virtual reality, video games, esoteric digital assets, and all things NFTs;
- Piers Kicks from Bitkraft VC, a global early and mid-stage investment platform focused on gaming, esports, and interactive media;
- Matty aka DCL Blogger, an NFT enthusiast and founder of the Metakey platform that provides access to Web 3.0 enabled courses, ad space, special discords and groups, as well as all sorts of data and perks across the Internet;
- Matthew Liu, the cofounder of Origin Protocol, a blockchain platform for building decentralized marketplaces with a mission to bring NFTs and decentralized finance to the masses;
- Benny Giang from Dapper Labs, an innovative NFT gaming company that delivers blockchain-based experiences and digital collectibles ready for the real world, known as the company behind CryptoKitties.
Smart Collectible goes beyond authentication of collectibles
All Smart Collectibles are NFTs – they’re non-fungible, have a traceable owner, and are tradable. However, not all NFTs are Smart Collectibles. This is because Smart Collectibles unlock access to further value held off the blockchain.
Every NFT has the potential to be a Smart Collectible if its owner (or anyone else) decides to link access to additional unique value to the ownership over it. At the moment, many NFTs aren’t Smart Collectibles, but this may change in the future as more NFT creators and owners decide to attach additional value to them. This additional value doesn’t have to be added all at once, but can also be added over time, indefinitely.
The functionality offered by Smart Collectibles is a key driver behind Web 3.0. Building on the foundations laid by Web 1.0 and Web 2.0, Web 3.0 aims to deliver a more open Internet that relies on technologies like blockchain and AI. In other words, these technologies and functionalities working together will put people back in control of their data.
In the future, specific accesses provided by a Smart Collectible will be tokenized, allowing owners to sell, lend, or duplicate parts of a Smart Collectible that they own while maintaining control of the underlying asset. The technology to do this is not available yet, but DeStation is working on solving this problem.
DeStation – the Internet of NFTs – is an NFT universal identifier protocol that connects and augments all NFTs across all blockchains using common token metadata standards.
Its primitive token ‘DSN’ serves the function of linking blockchain-based NFT assets and other fungible assets such as tokens, smart contracts, wallets, and accounts to an external, interoperable layer of data transmission control station that is compatible with Web3, W3C, and more.
DeStation is building the infrastructure and ecosystem required to power platforms that will provide a modern, mainstream, and developer-friendly NFT experience. #IONFT
If you’d like to find out more about the vision that DeStation is pursuing, you can read Andrew Fai’s smart collectibles concept whitepaper.