NFTs are so efficient and versatile on Holochain that they enable us to envision not just a future of collectibles but an entire future of ownership that is digital, reliable, and independent of centralized government records.

Reportedly, NFTs are becoming famous and more important than DeFi, Hip Hop, and Hollywood. The ability to immutably tracking ownership of things without centralized intermediaries has attracted people’s attention.

Holochain expresses:  “NFTs have been versions of smart contracts, meaning they are programs that execute particular functions using a blockchain-based computing network such as Ethereum’s. For example, an NFT might have not only a means of its ownership being transferred (with that record then stored on the blockchain), but also of a royalty being automatically sent back to the original artist every time that happens (with payment sent automatically by the blockchain network).”

While it is very obvious that NFTs depend on blockchain technology, it just goes that they are more efficient to run on Holochain than blockchain.

Unlike blockchain networks, transactions on Holochain are logged on individual user nodes rather than a public ledger. The platform is decentralized, and its users do not need to receive confirmation from other network participants.

Holochain delivers the promises of blockchain – it is not a blockchain – with a mashup of proven tech that provides self-owned data, a distributed database, and peer accountability.

They have to state that apps built on their peer-to-peer platform could replace not just blockchain, but centralized apps like Facebook too.

While they say apps built on their new peer-to-peer platform could replace not just blockchain, but centralized apps like Facebook too.

Holochain uses post-blockchain technology to separate data integrity from data security. This is achieved in a way that uses neither Proof-of-Work (PoW) nor Proof-of-Stake (PoS) consensus mechanisms.

“Holochain is different in its principle of provenance: every piece of data, everything ever said or done, is associated with its source. This means that every piece of data, including every token, is inherently unique – the data itself plus its source information – so no additional code is required to keep instances of data distinct from one another. Thus, an NFT on Holochain is an extraordinarily simple application: it’s just a transfer protocol, a means of assigning the token from one person to another.”

Thus, Holo have to state that NFTs on holochain are more efficient. Blockchain-based NFTs are not the actual file they represent, nor do they contain the actual file they represent, but Holochain NFTs Can Store the Actual Digital Work.