NFTicket is a protocol, which combines the identification power of cryptographic wallets with those of Decentralized Identifiers (DID). We will present that there is functional equivalence of Verifiable Credentials (anchored by a DID) and Non-fungible Tokens (NFTs, anchored by a wallet).
More that showing, we will be introducing a protocol which implements this, so that verified DIDs can issue “business facts”, such as: vouchers, tickets, membership passes, cerificates of ownership – in short anything which can be expressed by Verifiable Credentials.
NFTicket does a bidirectional translation of this VC to an enhanced ERC721 NFT, such that the DID of the holder and the owner wallet of the NFT correspond 1:1 are linked through did:ethr.
We will demonstrate the application of this protocol based on a pilot we have implemented for NRverse.io. The Verifiable Credential in this case being Renewable Energy Certificates which are used to decarbonize events with a measurable carbon footprint.