Some thoughts on NFT's

By now most people know that one of the most powerful things about NFT's is that they are digital items that behave like they are physical.

What less people realize is the other side of that equation: Physical items that behave as if they are digital.

Let me illustrate...

Turing Completenes

NFT's are universally programable via smart contracts.

Whatever functionality you can program into a normal app, NFT's can do in principle.

This universality allow NFT shape shift into many things simultaneously not just one thing at a a time.

Combinatory

Each individual NFT can be combined with other NFTs to create a complete picture and unlock all sorts of features/rewards.

Imagine you have to collect or pool (via DAO) 20 NFTs to turn them into a clue for the next airdrop.

Transmorphability

NFTs can be programmed with emergent functionality.

Imagine a collection of generative artworks that looks and behave one way individually but when you own 5 of them changes into something completely different. (Think Megazord from Power Rangers )

Daisy Chaining

NFT's can have conditions built which have to be met to unlock access to other NFT's.

This allow you to create anything from murder mysteries, to treasure hunts, to level creation (Scientologists rejoice) and any progressive certification fully automated.

Derivative

u/lootproject showed us that you can even turn everything on its head by providing abstract idea NFT's (called loot backs) and then have a community build a whole universe around them using derivatives called synthetic Loot as the incentive structure.

We haven't even begun to scratch the surface of what is possible.

Only imagination, experiments and the law of computation sets the limits for what is possible.

I haven't been as excited about the prospect of anything since the early days of the internet.