NFT Trades in Bitcoin with Off-chain Receipts

ePrint Report: NFT Trades in Bitcoin with Off-chain Receipts

Mehmet Sabir Kiraz, Enrique Larraia, Owen Vaughan

Abstract. Non-fungible tokens (NFTs) are digital representations of
assets stored on a blockchain. It allows content creators to certify authenticity of their digital assets and transfer ownership in a transparent
and decentralized way. Popular choices of NFT marketplaces infrastructure include blockchains with smart contract functionality or layer-2 solutions. Surprisingly, researchers have largely avoided building NFT schemes over Bitcoin-like blockchains, most likely due to high …

assets bitcoin blockchain content creators decentralized digital digital assets eprint report nft nfts non non-fungible tokens ownership popular report tokens