Numbers Protocol
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    • Numbers Protocol
      • Defining Web3 Assets
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        • Numbers ID (Nid)
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          • integrityCid
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    • Community Wiki
    • FAQ
      • What is provenance and how does it work?
      • What is C2PA and why do we need it?
      • What's the role of Numbers in AI?
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      • What's the difference between Numbers and C2PA
      • How can Numbers assist songwriters and artists?
      • Why Numbers needs its own blockchain?
      • Why Numbers Mainnet is permissioned?
      • Does Numbers support other blockchain?
      • How is the Nid generated?
      • Should I mint NFT or commit with "license-to" action?
      • Environmental impact of Numbers Mainnet
      • How do I get or bridge Mainnet/BEP-20/ERC-20 NUM?
      • What is Numbers Protocol's role in the AI space?
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      • [NUM] Fetch NUM balance
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  1. Introduction
  2. FAQ

Should I mint NFT or commit with "license-to" action?

PreviousHow is the Nid generated?NextEnvironmental impact of Numbers Mainnet

Last updated 2 years ago

The decision to mint an NFT versus writing a record with license-to is largely dependent on the desired revenue-sharing capabilities, whether or not the license can be transferred.

When it comes to revenue sharing, minting an NFT is the preferred option. NFTs serve as unique digital assets that enable ownership transfer and accompanying revenue rights. The latest owner information can be easily tracked by reading the NFT records.

Taking this screenshot as an example, if an NFT is minted, the reader of the commit records can tell from the asset history that they should track the NFT for the latest owner.

In conclusion, if revenue sharing is a top priority, then minting an NFT is the recommended approach. However, if the license is not transferred with no revenue-sharing involved, writing a license-to record would be enough to track the asset history.

On the other hand, records with license-to is more suitable for one-time licensing to a specific party without any revenue sharing involved. These records indicate that a license has been granted for a particular asset, but do not provide a mechanism for revenue sharing and cannot be transferred. When reading the license-to records, one can see that it is a one-time license, and the wallet address shown in the actionResult represents the licensed party.

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