NFT Verification
NFTs can be issued by anyone. However, randomly issued content NFTs cannot prove their value and information. If so, the question arises as to how buyers and sellers verify the valuation of NFTs. If the certified NFTs and the non-certified NFTs are connected in pairs, if necessary, the question is resolved. Through this, two NFTs or several NFTs move as a pair, and if they are used as content NFTs, NFT value verification becomes possible. For example, suppose there is an NFT C generated without verification.NFT C is not clear on the value or information of the data, making it difficult to ascertain whether it was created by the original content provider, or whether it is truly valuable. However, if NFT V issued by a content provider certified by an NFT verifier proves NFT C is valuable, the story is different. That is, the NFT V may be a content NFT by itself, but may also serve as a verification NFT for another NFT. With this feature, it is possible to greatly reduce time and cost by omitting the process of newly issuing NFTs in existing markets and simply connecting verified NFTs to prove value and data. VIW NFT VIW NFT verification protocol implemented NFT processing by dividing such NFT V into brand certification and artist certification. Brands and artists certified by the NFT certification company issue their own certified NFTs, and through the process of connecting their NFTs to NFTs with verification value and commercialization, NFT value verification is performed like in the case of NFT C. Since the content providers that provide content are brands and artists, the content NFTs connected with certified NFTs increase in value as the size and quantity of certified NFTs.
NFTs that are recognized by content providers, such as more brands and more artists, will continue to grow in value. In other words, it is possible to verify the basis of value and verify, certificate, and prove data at the same time. All of these processes are collectively referred to as ‘NFT verification’.
The situation of the wallet in the NFT verification system will be described as an example. If you purchase NFT H, which is a single content NFT from your wallet, NFT A, NFT B, and NFT C, which are the certified NFTs of content providers, will be held together in your wallet, and you will be able to actually check the certified NFTs in the owner’s wallet. At this time, the owner’s wallet contains all of NFT H, NFT A, NFT B, and NFT C. In such a situation, if other content providers show interest and connect their certified NFTs, such as NFT D and NFT E, there will be a total of 6 NFTs (NFT A, B, C, D, E, H) in the owner’s wallet. The NFT H in the owner’s wallet proves that it is an NFT valued by 5 different content providers.
The process of proving the value of NFT and verifying the clarity of data is not far off. In the real world, we determine the value of goods based on supply and demand. When supply is low
but demand is high, or when supply is high but demand is low, the value rises and falls. If many content provider-certified NFTs are connected for one NFT, then this is an NFT in demand and valuable. Therefore, the value of NFT is naturally evaluated by experts. Of course, NFTs that have already been verified a lot like this also solve problems of ownership and copyright, such as hacking or duplication. It is impossible to simply target and hack a single content NFT because it is necessary to acquire all certified NFTs connected to the content NFTs through the governance of the blockchain system sharing the ledger and the network that has the characteristics of impossibility of forgery. Unless all NFTs associated with a specific content NFT are acquired or hacked, the value of the content NFT is preserved and cannot be copied or hacked. Likewise, it also makes it impossible to scam NFTs through fake email transmissions that are currently taking place. Even if the owner sends the content NFT to the scammer, if it does not send all of the content providers’ certified NFTs, even if there is a problem, recovery is possible. Therefore, through the NFT verification process, problems such as fundamental copyright damage, duplication, and hacking in the market can be solved, which greatly contributes to building a sound NFT trading market and scalability
