One post tagged with "blockchain"

Non-Fungible Tokens (NFTs) on the blockchain are more than just digital collectibles. They can act as decentralized form of internet capabilities/permissions to decentralized or centralized resources. This enables the creation of a global internet-wide ACL (Access Control List). Unlike centralized ACLs, where permissions are entirely controlled by the central platform, NFT capability ownership is maintained through decentralized consensus. This provides both censorship resistance and the ability to transfer permissions as assets. However, it has scalability drawbacks intrinsic to blockchain networks.