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Thari (NFT)

Digital Assets created on Boli Network are called Thari. Boli Network enables its Members to mint Thari in two ways. Boli Organizations can mint Thari for their art, products, services, or natural resources and the Organization’s Members can commission Thari, which the Organization can pickup.
Types of Resources that can be minted as Thari:
Physical pieces or products.
Digital pieces or products.
Services, offered both online and offline.
Natural resources.

Classes of Thari include:
Art: Work that can have creative value and significance, both virtual or digital.
Voucher: Anything can be redeemed to access a service.
Item: Products that can be consumed in the real-world.
Terrain: Natural resources and real-estate.

How does Boli ensure the NFT coincides with the real world? A smart contract that proves ownership?

Minting Thari

Boli Organizations can request to mint Digital Assets as Thari. Resources tied to a Thari would be stored off-chain within the Boli ecosystem, and maintain these Resources long term. A Thari is designed to be a shell that can hold a single or collection of Digital Assets.
Optionally, the Owner of the Thari can get an endorsement from a Boli Partner Verifier to verify the contents of the Thari before its minted. This adds an extra layer of verification to prove authenticity or set an asset value.

Issues

Transfer of off-chain asset needs to be supported, but change of the underlying data should not be allowed. As hash functions become obsolete, NFT should be updated with newer hashes.

User commissions

Members can commission Thari. A Member will send a commission request to the chain. The request can be open for any Organization to pickup or the Member can request for a specific Organization. Once an artist accepts the Commission, the Commissioner and Organization can collaborate on the Thari Draft, and once it’s complete, the Thari will be minted. The Organization and the Commissioner will have fractional ownership of the Thari based on a pre-agreed percentage in the Commission Request.

Issues

Conflict between commissioner and artist needs to be handled.
Should the commission request be editable, after discussion with the artist, before or even after acceptance.

Fractional Ownership

A Thari can be split on a specific denomination and offered for Fractional Ownership. The current Owners has to unanimously agree to the split, and how much each will offer to the public. Offer price?
For the first version we can limit to 2 co-owners? The Commissioner and the Economy?

Exhibition

Thari can be exihibited in the real-world as well as the “metaverse”. Should we record exhibitions of Thari so that it would be easy to track fraudulent exhibition?

Cancel/burn

Due to copyright infringement or any other issue, a Thari might need to be cancelled.

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