Otaku Coin NFT | Otaku Coin Association

Fully on-chain NFTs with high "purity"

There are actually many types of NFTs. Depending on the type of chain they're on and where the metadata, images, and videos are placed, their properties differ.

When all data is placed on an open public chain, it is called "fully on-chain" and is a "high purity" NFT with "permanence" and "verifiability".

However, there are currently many restrictions to creating a fully on-chain NFT on the Ethereum chain, such as the high gas price, and there are only a few NFT projects from Japan, such as the "Original Otaku Coin".

Holding all data that make up the work

Most NFT works in circulation today do not actually record digital data such as text, image, or video directly on the blockchain.

For example, the maximum size of transaction that can be written at once is very small, only about 46.8KB, so commonly, the images and videos are placed outside the chain, and only the "meta information" that specifies their location is recorded on the blockchain.

However, fully on-chain NFTs have all their data recorded on the blockchain, so the buyer "owns all the data that make up the work."

A work that will absolutely remain in the future

If "metadata" or "images and videos" are placed in a file storage outside the chain, the "permanency" will be lost when the file storage collapses.

However, NFTs are supposed to remain in existence forever. To do so, the NFT must be fully on-chain with all data recorded on the blockchain.

Although the many restrictions and high gas prices are a bottleneck, we felt the great significance and value of "works remaining forever in the future," something humanity has never been able to accomplish before, and decided to make the Otaku Coin NFT fully on-chain.

The "Ethereum Chain" has a high permanence

The Ethereum chain is highly decentralized, giving the blockchain permanence to the extent that we could even say it will never disappear in the future.

Given that the Ethereum chain is widely dispersed across the world and that monetary values over tens of trillions of yen are concentrated on the Ethereum chain, "eliminating Ethereum from the world" is an impractical action.

Therefore, the "Original Otaku Coin NFT", fully on-chain on the Ethereum chain, is guaranteed to have high permanence and collateral value.

Combine like Lego blocks to create new value

Fully on-chain NFTs with all data recorded on the blockchain allow everyone to mutually cooperate without permission, creating new NFTs and services by combining them like Lego blocks.

Free from the values and uses defined by the platform, a variety of projects led by the users and the community that own the NFTs can be launched and promoted.

Thanks to becoming fully on-chain, the Otaku Coin NFT is another NFT with this kind of composability.