According to @2infiniti
, one of Craft Network developers:
NFTs represent unique ownership of digital or physical assets that are distinguishable and non-fungible. A diverse universe of assets can be represented by NFTs, including physical properties and virtual assets.
Craft Network is a DAO based NFT ecosystem. We also want the community to own this, so this will be a DAO. As token holders, the community will get to decide development decisions, funding allocation, and to feature stupid NFT memes or Picassos, the choice is in community’s hands.
What’s next for NFTs? “Create a new vending machine for every bottle of Mountain Dew” This is IRC-3 in its current form & it isn’t scalable. We want a standard that allows minting of new tokens, fungible or non-fungible, using the same smart contract. Let’s build that! #IRC30