The only thing else you need to add to purchasing a unique product, is that in doing so, you are also getting a certificate of authenticity and proof of ownership at the same time. As long as you hold the key, so to speak, nobody can ever touch your product or claim it as their own.
Now you can also easily setup private chains to where your NFT is NOT publicly visible. Everything else is in play as we've mentioned above, but the key to this is you do not want anyone to go and look at your personal data on said deed on a public/visible chain.
Thanks so much for the replies fren. It honestly made all the difference. I’m starting to understand this quite a bit now, I think. It is actually a really neat thing with many applications in the long run. Now, one last question-where is this key stored? On a flash-type drive , or embedded into the file directly? Both? I think that’s the last thing I’m trying to grasp here. Thanks again!
That'll be up to where you want to store the "key" but the absolute best option is off your technology devices such as computer or phone. The best and most safe route is to write it down, laminate it, and store it in a safe place that only you know of. Too many hackers out there that could compromise your security nowadays.
The only thing else you need to add to purchasing a unique product, is that in doing so, you are also getting a certificate of authenticity and proof of ownership at the same time. As long as you hold the key, so to speak, nobody can ever touch your product or claim it as their own.
Now you can also easily setup private chains to where your NFT is NOT publicly visible. Everything else is in play as we've mentioned above, but the key to this is you do not want anyone to go and look at your personal data on said deed on a public/visible chain.
Thanks so much for the replies fren. It honestly made all the difference. I’m starting to understand this quite a bit now, I think. It is actually a really neat thing with many applications in the long run. Now, one last question-where is this key stored? On a flash-type drive , or embedded into the file directly? Both? I think that’s the last thing I’m trying to grasp here. Thanks again!
That'll be up to where you want to store the "key" but the absolute best option is off your technology devices such as computer or phone. The best and most safe route is to write it down, laminate it, and store it in a safe place that only you know of. Too many hackers out there that could compromise your security nowadays.