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From Trade-only to Zero-Value NFTs: The Asset Proxy NFT Paradigm in Web3. (arXiv:2205.04899v1 [cs.SE])
May 11, 2022, 1:20 a.m. | Denis Avrilionis, Thomas Hardjono
cs.CR updates on arXiv.org arxiv.org
Many implementations of smart contracts available in NFT marketplaces today
allow the modification of NFT token attributes, without any specific mechanism
to control the consistency with off-chain metadata. We believe this is a
weakness in overall design of NFTs today. We propose a computation model called
the Asset Proxy NFT that guarantees the consistency between the NFT token
(on-chain) and its corresponding asset metadata (off-chain). In general, the
proposed model can be applied to any type of NFT that requires …
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