FIO Protocol and NFTs
Introduction
The purpose of this document is to describe how FIO Protocol could be used to enhance the Non-Fungible Token (NFT) experience.
Digital Signature
Transferring NFT Ownership
Send
Today, FIO Addresses are mapped to unique public addresses on different chains. This means that using existing FIO Protocol functionality NFTs can be transferred to a FIO Address, e.g. curator@gallery, instead of complex public addresses.
Request
Transferring large amount of crypto can be scary. Imagine how scary it is to attempt to transfer a $69M NFT.
Today, FIO Request is a mechanism to allow one person to securely request funds from another. It could be extended to allow for requests of NFTs. Instead of amount, chain code, token code, it can contain chain code, smart contract address, token ID.
Metadata
FIO Data has been designed to allow decentralized and secure transmission of metadata about a transaction occurring on any blockchain. It can also be used to transmit metadata about the transfer of an NFT.
NFT Collection FIO Address
FIO Address could be used to create a collection of NFTs. For example:
A collector could map all NFTs they own to collector@iamrich
A gallery could map all NFTs in its exhibit to works@gallery
The FIO Address could then be typed into a digital frame to easily instruct it what to display.
Interacting with NFTs using FIO Protocol
What if you could interact with an NFT using a human-readable name?
Send 1000 USDC to monalisa@louvre and she will blink
Send a message to monalisa@louvre asking what is her name and receive a response