hi there..

you all know very well how NFT stemmed from blockchain for managing digital assets, but I'm curious to know how NFT could enrich back blockchains and bring added value to their main function in return?

based on description of NFT from Wikipedia [1] we have "A non-fungible token (NFT) is a unique digital identifier that is recorded on a blockchain, and is used to certify ownership and authenticity." and Forbes [2] we know "An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos.", therefore certifying and clarifying the ownership of something in real-world is the most capability of NFT.

so why we do not convert a specified amount of e.g. 3.698521 BTC into an NFT asset and store on the same blockchain, that never again could break apart into its original fungible nature and fully assign and belong to an entity (person / AI / organization) in real-world? then no body could steal and sale it without serious consequences but also buyers could feel free when pay for it at KYC level. this is what I call it "Bitwise NFT".

obviously there are some sort of possible advantages in "Bitwise NFT" feature on blockchains, but this is still a raw idea for more discussion and evaluation before implementation. thanks for reading and any feedback welcome.

-- shahiN

[1] https://en.wikipedia.org/wiki/Non-fungible_token
[2] https://www.forbes.com/advisor/investing/cryptocurrency/nft-non-fungible-token/