This concept of the Non Fungible Token is much more advanced than any other resource at NFT disposal that can be identified with a systemic method of placing a value on a collectible.
It is popular at the moment to avoid comparisons to blockchain, for fear this devalues it. This comes from its primacy in the Bitcoin mold of financial product. Value reserved to cryptocurrency applications surrounds blockchain with a technology mystique, with popularity growth planned on traditional structures of monetary use.
NFTs broke a mold that had begun to make art's value in the blockchain be simply a bargain transaction system... I'll give you two shares of Beethoven's Ninth for one of Da Vinci's Mona Lisa.
What is being invented with Cryptoknot is a system with a relationship to blockchain that still maintains the integrity of art, continual creation, and artists.
A provenance in the evolution of technology is what this is about. The everyday, every-man understand of this is in the base of collectibles seen as qualified to be records for a blockchain's distributed ledger. Once that is recognized as such, there can be expected an understanding of the numbers that exist as they relate to the art form that codifies the structure of the knot, as in the image shown here, that steps into the realm of measuring systemic reality as a sequential growth pattern. This is described here as two five crossing knots combined together with two four crossing knots and two three crossing knots that use eight modules of a sixteen module square that has now grown this continuum up to a unique knot composition for giving meaning to the value of modules 216, 217, 218, 219, 220, 221, 222 and 223 in the Cryptoknot protocol. These tokenized numbers will never be associated with any other entity but this immutable form of five, four and three crossing knots, combined, regardless of what form this may take, and this will always be known by this set of numbers whose origins form one title block of an infinitely growing blockchain that associates it with the cryptoknot concept.
The purpose of this exercise on Steemit, where those knowledgeable in blockchain technology may judge its authenticity, is to point out that rare and scarce collectibles made over the decade of the 1990s possess the same attributes that bring virtual value to this new concept of the Non Fungible Token.
Once a way of drawing in those that possess these actual valuables is working, it follows that the concept of the knot, or any other virtually oriented NFT, will attract curiosity and be ready to begin growing its future out of a base that sees the benefits of forming an understanding of what they are.
That campaign is introduced in the previous posts here and is taking form on the more commonly accessible Facebook page at https://www.facebook.com/michaelsullivan.smith.
Read next
From @cryptoknot