Question:. Do other blockchains not have policy IDs for their

Question

Cardano Official

Deji

Question:. Do other blockchains not have policy IDs for their

NFTs? I never trade on other blockchains so I don't know. Anyone know?

#ada #blockchain #cryptocurrency #english

0

13.02.2022

5 ответов

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Deji Автор вопроса

I think that people care on cardano All the legit nft projects provide the policy ID and advise you to compare it when you buy. Also the market places all show if a token is verified via the policy ID. Other blockchains don't do this?

0

14.02.2022

HeptaSean

Deji
I think that people care on cardano All the legi...

As far as I understand ERC-721 (the Ethereum standard for NFTs), they also have a unique combination of contract and asset ID. But that only helps partially as our policy IDs. If the content is stolen in the first place, marketplaces cannot identify that by comparing policy or contract IDs. What do they really do to “verify” via the policy ID? I can surely mint an NFT under my policy ID and put that policy ID on my website. Under what precise circumstances should that fail “verification”? If others have used the same asset name? What if the asset name is very generic? Or if I can prove that I have used such names since the 90s?

0

14.02.2022

Deji Автор вопроса

HeptaSean
As far as I understand ERC-721 (the Ethereum stand...

As I understand is that the policy IDs are only to ID NFT projects. You can't use the same policy ID as CardanoKidz and pretend to be them. It's to prevent counterfeit NFTs. Not to enforce copyrights.

0

14.02.2022

HeptaSean

Deji
As I understand is that the policy IDs are only to...

Yes, I can't use the same policy ID, much like I can't use the same contract ID on Ethereum. But that doesn't solve the problems raised in the article you posted at the beginning. I can totally mint NFTs named "CardanoKidz" under my policy ID and also create a website and a Twitter account linking to that policy ID. Market places will probably decide that that is not legitimate. But what is their exact policy? Could I do “ADAChilds”? What if the owner of the trademark “Cardano” wants them to take down “CardanoKidz” (which would be more realistic if someone started “CardanoCorpses”)? What if the project is less prominent and it's harder to decide if the project minted earlier is the legitimate one?

0

14.02.2022

HeptaSean · Accepted Answer

HeptaSean

But policy IDs do not help against fakes and plagiarism. They just mint with their own policy ID and noone cares.

0

13.02.2022

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