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?
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.
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.