What is a Data-NFT?

Vyvo Smart Chain uses the new VEP721 standard to mint it is Data-NFTs (with the use of $USDV).

The Data-NFT is linked solely to the crypto wallet used during the minting unless you transferred it to another crypto wallet consequently.

They are then associated with the IoT Device responsible for the data gathering.

The new standard allows the dApps developers to manage a number of dynamics attributes associated with the NFT that are suitable for the implementation of HealthFi, SocialFi, and programs that can introduce more possibilities and features to the data collection and reward plans.

The Data-NFT is used to establish Proof of Ownership of the IoT Device and the Data sets it produces; it is a key component to the Proof-of-Sensing protocol implemented by Vyvo Smart Chain.

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