FIO NFT Signatures: Truly Provable Ownership of Your Assets

FIO NFT Signatures

Now, let’s see the most leading-edge feature that the FIO protocol offers: NFT signatures.

While it’s easy to get and own an NFT, it is not always easy to verify that a specific NFT is owned by a specific user. As some NFTs get sold for huge sums, they and their original authors often attract scammers who try to use that positive track record, pretend to be the same author or replicate their NFTs, and then sell these imitation NFTs to unsuspecting buyers.

As popular NFT marketplaces are still highly centralized companies, only they can help verify the NFT author’s authenticity through customer support - and that’s very slow.

But this is where FIO NFT Signatures come and change the game. Users can verify themselves as the original authors or owners of the NFT by minting NFT signatures onto a public FIO blockchain, and getting their Crypto Handle name known publicly to their potential buyers.

So, how does the NFT validation process happen?

First, become the FIO protocol user, and get your new Crypto Handle known in social media. Then, everyone will know which NFT signature to look for when evaluating specific NFTs.

Secondly, validate your NFTs.

As you log into fioprotocol.io, head over to the dashboard, and find the NFT Validator.

Then, choose an option you want to validate your NFT with - it can be either a Contract Address of the NFT, a FIO Address (which is the FIO Crypto handle), or the NFT’s Hash or Media URL, or an actual Image.

Let’s select the FIO Address this time. Type a crypto handle and hit “Validate NFT Signature”. Now, you can see that this validation minted three NFTs on all blockchains used by the crypto handle.

You can click on any NFT and see the detailed data: the code, the token ID, the contract address, etc. This is because the NFT signature stores a cryptographic hash of the off-chain data on the blockchain, thereby protecting the permanence of that data, and securing the value of the NFT to the owner.

What does this mean? Even if the URL link to the JPEG used in the NFT somehow gets hacked and changed, NFT validation keeps a record of the original URL on a public blockchain, and that becomes valid proof of the original link used in the NFT.

What are some other use cases of NFT validation? Besides the ownership verification, it helps with market resales and secondary markets. People can easily verify if the NFT is original and really belongs to the author they think it does.