The BitTorrent platform has always been an application that just works. So it is no wonder that a lot of people are looking at how they can use this platform to help reduce the space taken up by unused content and reduce the storage costs for data. It turns out that the answer is to use Distributed Ledger Technology (DLT), a distributed storage for the blockchain that allows users to store everything on a single file.

In a recent announcement, Oracle Technology Network (OTN) announced, that they have successfully completed the industry’s first implementation of a digital rights management (DRM) system for non-fungible tokens (NFTs), the Oracle Blockchain Composite Document (BCC) System.

Digital Rights Management (DRM) has long been a popular way to protect copyrighted content. Now it’s being applied to another digital property: digital game objects (NFTs). Oracle Platform Diagram (OPD) is a set of Oracle applications that are supposed to help create, manage and share digital assets.. Read more about nft platforms and let us know what you think.

Oracle platform DIA pioneers DRM system for NFTs | In a press release on its website, the DIA announced ARTs, a form of digital rights management (DRM) for non-playable tokens (NFTs). Those are a lot of acronyms, but the bottom line is that the DIA has developed a system to build data rights directly into digital collection objects. This could have important implications for the economies of the developing NFEs, as the creators of digital works will receive royalties and attribution wherever their works are used. Existing NFT token standards, such as. B. Ethereum’s ERC721, can support basic functions, such as. B. the payment of perpetual royalties to the creator of the work. Autonomous legal tokens, or ARTs, can be seen as an extension of this trend, providing a decentralized service for tracking NFTs wherever they are used.

The creators give what they are entitled to

Creating and mining NFTs is a relatively simple process thanks to out-of-the-box solutions that free digital artists from the need to master short-lived tokens at a high level. However, once the NFT is made public, how can the owner be determined, since the associated asset, such as a JPEG or a GIF, can be easily copied? DIA founder Michael Weber believes ARTs can be a solution to better track and allocate rights. As the Defi ecosystem evolves…. Sources and regulators will want to understand where the data is used, where it comes from and under what licenses it is provided, Weber said. DIA-ARTs are the basis for decentralizing the entire rights management system and an incentive for the DeFi community to create and use them. For the average DeFi user or casual NFT collector, it’s not easy to understand the value of what ARTs can support. In an effort to turn an abstract concept into something more tangible, the DIA created a series of NFTs with limited edition ARTs to encourage collectors to purchase selected art and animation while demonstrating the effectiveness of data rights management. ARTs should also encourage the delivery of new datasets, with royalties paid to ART holders to encourage the creation of new data sources. This in turn will help grow the open source database that underpins the Oracle DIA service. Popular NFTs like NBA Top Shot and CryptoPunks have changed hands for millions of dollars. Image: DIA. Oracle platform DIA pioneers DRM system for NFTs |

NFTs grow

Oracle’s open source DIA Labs platform collects trusted data related to financial information and cryptocurrency metadata to create Defi products that add significant value to the decentralized ecosystem. As we have seen recently, NFTs have become a booming industry, swallowing up traditional systems on an unprecedented scale, whether they are collectibles, works of art or secondary markets of all kinds. Despite the annoyance of traditionalists, who accuse NFTs of being polluting or just JPEGs, they have laid the groundwork for a solution to a property dilemma that has been fought on the Internet for centuries. With ARTs, the DIA team believes it has taken another step toward proving the utility and longevity of non-playable chips.

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Oracle has introduced a new hardware DRM (Digital Rights Management) system for NFTs (Non-Fungible Tokens) and this DRM system has been used in a scalable manner. This means that it can support a large number of NFTs and a high volume of transactions. Oracle’s new DRM solution is scalable enough to support thousands of NFTs in a single network, ensuring that there is no single point of failure.. Read more about where do you buy nfts and let us know what you think.

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