Gelisim News

Warning for ''Tightening the security measures for NFT and Metaverse''

Following the change of currencies with the NFT and Metaverse, the social domains are moved in the digital world as well. The security gaps make the users while the people get away from the boundaries of physical assets from now on and set up the imagination of moving freely in the cyberspace.

The NFT and Metaverse virtual world having had a more effective position in our lives after the second half of 2021 is getting prepared to remove the difference by and between the physical and digital world. While a compulsory change is experienced the physical world in the direction of digitalization, the anxious works keep continuing so that the economic or social assets find a place for them in the digital world as soon as possible. The Academic Member Dr. Abdulkadir Büyükbingöl of the Istanbul Gelisim University made explanations about the matters subject to curiosity with relation to the NFT.

‘MAKING A NFT CAUSES THE PRODUCTION OF MORE THAN 200 KGS OF CARBON’

The Blockchain technology serves as a key in the change at the digital world. By this means, the production of digital versions of all physical assets mainly the moneys, and even further, of the abstract assets and addition of the same to the economic cycle brought big changes along with them. The production of the digital forms of the assets ensured the integration of the concept of digital ownership into daily life. The Academic Member Dr. Abdulkadir Büyükbingöl of the New Media Department of the Faculty of Economics, Administrative and Social Sciences of the Istanbul Gelisim University, who made evaluations with relation to the subject matter hereunder indicated as follows:
‘‘The NFT, as a mode of digital ownership, turned into a field of engagement attracting substantial attention.  It becomes possible to buy the digital ownership of even the animations such as GIF along with the songs, photographs, design works with this technology. The NFT that has been a kind of ownership offers a field of economic activity forcing the limits of imagination. There are question marks about the future of the NFT despite of all sorts of advantages. Along with the fact that the NFT and Crypto currencies (bitcoins) launched as a technology changing the world, the attention is drawn to the huge carbon footprint, left behind. According to a news taking place in the (newspaper)  ‘’Independent Türkçe’’, the production or creation of an average NFT equals to making an approximate distance of 800 kms with a gasoline automobile. As a consequence, this refers to the production of more than 200 kilograms of carbon.’’

NEW SECURITY MEASURES ARE REQUIRED FOR DIGITAL ASSETS!

The ownership of the NFTs are maintained or kept in hundreds of thousands of computers worldwide through the digital certificates, issued on the basis of the block chain specifying the parties holding the ownership and by doing so, the occurrence of other new claims for ownership is prevented. The Academic Member Dr. Abdulkadir Büyükbingöl, who has emphasized that it was the indicator of requirement for the protocols offering new security walls from the point of view of the seizure or acquirement of digital assets by hackers, further underlined that the future societies will take shape at the focus point of digital technology, artificial intelligence, biotechnology and social informatics.