@article{ART003055392},
author={JongWook Bae and Nitin Bhagat and Su-Hyun Lee},
title={Hierarchical NFT using Parent-Child Structure},
journal={Journal of The Korea Society of Computer and Information},
issn={1598-849X},
year={2024},
volume={29},
number={2},
pages={127-136},
doi={10.9708/jksci.2024.29.02.127}
TY - JOUR
AU - JongWook Bae
AU - Nitin Bhagat
AU - Su-Hyun Lee
TI - Hierarchical NFT using Parent-Child Structure
JO - Journal of The Korea Society of Computer and Information
PY - 2024
VL - 29
IS - 2
PB - The Korean Society Of Computer And Information
SP - 127
EP - 136
SN - 1598-849X
AB - This paper presents a novel method for minting hierarchical Non-Fungible Tokens(NFTs) via a parent-child structure. In contrast to existing NFT structures, our proposed model enables an NFT to act as a parent, creating child NFTs and distributing ownership stakes among them. These child NFTs are recursively structured, allowing them to generate their own descendants. The existing structure of NFTs does not inherently allow for fractional ownership. However, our proposed hierarchical model provides a feasible solution to this restriction. By dividing an NFT into multiple child NFTs, each with its own unique identity, we facilitate the detailed division of an asset, thereby making fractional ownership possible. In conclusion, the hierarchical NFT model proposed in this paper offers a promising solution to the challenges of fractional ownership in the digital asset arena. By enabling the detailed division of NFTs through a parent-child structure, we anticipate a future where digital assets can be owned and traded more flexibly and transparently.
KW - Hierarchical Non-Fungible Tokens;Parent-Child Structure;Klaytn;multiple child NFTs
DO - 10.9708/jksci.2024.29.02.127
ER -
JongWook Bae, Nitin Bhagat and Su-Hyun Lee. (2024). Hierarchical NFT using Parent-Child Structure. Journal of The Korea Society of Computer and Information, 29(2), 127-136.
JongWook Bae, Nitin Bhagat and Su-Hyun Lee. 2024, "Hierarchical NFT using Parent-Child Structure", Journal of The Korea Society of Computer and Information, vol.29, no.2 pp.127-136. Available from: doi:10.9708/jksci.2024.29.02.127
JongWook Bae, Nitin Bhagat, Su-Hyun Lee "Hierarchical NFT using Parent-Child Structure" Journal of The Korea Society of Computer and Information 29.2 pp.127-136 (2024) : 127.
JongWook Bae, Nitin Bhagat, Su-Hyun Lee. Hierarchical NFT using Parent-Child Structure. 2024; 29(2), 127-136. Available from: doi:10.9708/jksci.2024.29.02.127
JongWook Bae, Nitin Bhagat and Su-Hyun Lee. "Hierarchical NFT using Parent-Child Structure" Journal of The Korea Society of Computer and Information 29, no.2 (2024) : 127-136.doi: 10.9708/jksci.2024.29.02.127
JongWook Bae; Nitin Bhagat; Su-Hyun Lee. Hierarchical NFT using Parent-Child Structure. Journal of The Korea Society of Computer and Information, 29(2), 127-136. doi: 10.9708/jksci.2024.29.02.127
JongWook Bae; Nitin Bhagat; Su-Hyun Lee. Hierarchical NFT using Parent-Child Structure. Journal of The Korea Society of Computer and Information. 2024; 29(2) 127-136. doi: 10.9708/jksci.2024.29.02.127
JongWook Bae, Nitin Bhagat, Su-Hyun Lee. Hierarchical NFT using Parent-Child Structure. 2024; 29(2), 127-136. Available from: doi:10.9708/jksci.2024.29.02.127
JongWook Bae, Nitin Bhagat and Su-Hyun Lee. "Hierarchical NFT using Parent-Child Structure" Journal of The Korea Society of Computer and Information 29, no.2 (2024) : 127-136.doi: 10.9708/jksci.2024.29.02.127
