Non-fungible tokens as digital IDs - understanding the importance of immutability

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Many people call NFTs a bunch of Jpegs with no intrinsic value, it's amusing when people mistake the effect of opportunity chase to innovation value. Creators jump at any money making opportunity that's being presented to them, we've seen this across all platforms, it happens so until the economy becomes stiff and real time developments are required to create value.

This is frankly what we're experiencing in the crypto markets today. What we see today can be referred to as a market refreshment, wiping off value that had flowed into thousands of projects with no building structures. The case will be no different with NFTs, with new things comes great opportunities, an example of opportunity chase was experienced with tiktok. The platform empowered many creators with very little content making effort, but as we can see in the current days, it's slowly moving into the building economy, where value is represented by work done.

NFTs can be seen as so many things, so it's definitely not just a jpeg that anyone can take a screenshot of. People have made comments on how real estate can adopt a new field of business, selling properties via NFTs. Frankly speaking, it's not far-fetched with no-fungible tokens. You see, NFTs as digital properties serve as a unique block register/container, holding a piece of data(value), they occupy a storage space with their different value mechanisms.

Game NFTs come with various in-game attributes, these games are the value structures by which the said NFTs derive value. NFTs can be viewed as assets of development backings, just like any other investment asset. But aside from that, NFTs are also represented as artworks, it's non-fungible nature gives digital art a different space to exist, thus the unending volume surge of digital art purchases…

All of the above are important pieces of NFTs, however, NFTs are not limited to the aforementioned. Like I said, NFTs occupy a block storage, a space on the blockchain whereas the data therein is immutable. Data right here is a resource, an important piece of information that needs proper documentation.

NFTs are built to redefine digital Identity. Most of what is being built on top of crypto is frankly economically efficient. The world has a fucked of system of data storage, when you're looking at individual informations, in most locations it is frankly a joke.

But with NFTs, there's a solution to the pain of manipulated IDs leading to untracked digital operations. The open source nature of the blockchain makes it even more exciting to embrace its tools. In years to come, the world would rely on the blockchain to retrieve data.

The immutable nature of NFTs make them most suitable for presenting value data in its supreme form. As such, the world around NFTs is yet to embrace its full potential. Digital Identities issuance, certificates, signatures and many more will likely see the adoption of this technology to ease control over world operations.

NFTs are more than just jpegs when one considers its mode of storage and how immutable the data therein is. If governments were to issue documents in the form of NFTs, we'd have frankly less manipulated file contents. NFTs are a vital piece of the crypto economy, a big part of the changing game of crypto developments…