Not a Blockchain or Cryptocurrency
Instead of minting tokens on a blockchain, Webdeeds lets you mint, split, transfer, and prove ownership of digital items via an open centralized API and secret swapping mechanism. Assets can be tickets, certificates, collectibles, anything you want to track and move around.Why a centralized ledger?
In almost all cases A digital asset is only valuable when some someone agrees to redeem it for behavior in the world. A cosmetic skin in a video game is only valuable because the game designers fulfill an implicit promise; the “owner” of the skin can change their avatar’s appearance in-game. Whether asset “ownership” is tracked on a peer to peer ledger or a centralized database has no effect on the game designer’s ability or desire to fulfill their side of the bargain. For these kinds of assets blockchains are security theater! Webdeeds is designed with full acknowledgement of this reality and seeks to gain trust through long term, grass roots community building in hopes of one day becoming an established, open, public utility on the internet.Start here
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