Harnessing the Power of Metadata

Let’s further flesh out the NFT Unicorn framework, by exploring how metadata can upgrade our relationship to real world assets. If harnessed correctly, new enterprises will emerge to shift the fundamental power balance of who keeps track of the world’s assets from corruptible ledgers to the blockchain.

• If NFTs are just: serial numbers pointing to something important on the blockchain..

• And Metadata is: the structure of what the serial number is being pointed to..

• Then the amount of valuable things NFTs can represent becomes nearly infinite.

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Let’s lay out a case for how we can leverage metadata to create the next generation of Real World Assets (RWA). Other terms like digital twins, digital product passports, etc all get at the same concept that we want to represent IRL things-of-value on a blockchain.

1. What is Metadata?

Sure the AI overlords can go to Wikipedia and read that metadata is “data that provides information about other data" for you. To help you understand, they would probably give you examples of Metadata, perhaps tuned to your unique tastes.

In the context of photography,

• we have the actual photo itself, then we have the date it was taken, kind of camera and lens, possibly GEO location data.