Blockchain tech is holding NFTs back because of these three design flaws

Cointelegraph

Published Jul 27, 2021 12:12PM ET

Updated Jul 28, 2021 09:20AM ET

Years after CryptoKitties were released to the masses, the nonfungible token (NFT) sector is finally going places.

Coveted collectibles are selling for millions of dollars in some of the world’s finest auction houses. Top-flight soccer and basketball teams are releasing once-in-a-lifetime moments that fans cherish. Movie studios are starting to issue NFTs as memorabilia too, unlocking new revenue streams when they are needed most.

h3 The thorny issue of ownership/h3 h3 Protecting content/h3 h3 Ownership bound to identity/h3
Phantom Seokgu Yun is the CEO and chief scientist of SWN Global. He has over 25 years of experience in cryptography, algorithms and security architectures. Phantom has provided security solutions to Davos and G20 summits, LG, Samsung (KS:005930) and Yahoo, among other multinational corporations. He currently leads the MetaMUI CBDC and NFTs platform, the first identity-based blockchain.

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