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Moreover, even with the introduction of metadata to supplement the NFT properties, these are often stored on external on-chain or off-chain sources, which may or may not be in direct control and custody of who owns the NFT.

BLOCK SHIELD NETWORK is building the world’s first globally compliant decentralized capital market.

What is BLOCK SHIELD NETWORK?
The BLOCK SHIELD NETWORK is a system that enables the creation of mutable and composable NFTs, known as SHIELD-NFTs. The network addresses the issues of fragmented SHIELDdata and non-interoperability of NFTs, allowing for the easy creation of SHIELD-NFTs, which can have their properties (traits) added over time, similar to a videogame character's inventory or a yield protocol's interest rate.
SHIELD-NFT is a third-generation NFT standard that stores mutable data and SHIELDdata, can interact with both on-chain and off-chain sources, and dynamically updates properties based on parameters triggered by the user or external sources. The standard aims to give users control not only of their NFT but also the attached SHIELDdata. We call them SHIELD-NFTs (shldNFTs) since they are as versatile as SHIELDdata but fully stored on-chain.

The BLOCK SHIELD NETWORK is a groundbreaking development in the world of NFTs. By addressing the issues of fragmented SHIELD-data and non-interoperability, the protocol enables the creation of mutable and composable NFTs, called SHIELD-NFTs. SHIELD-NFTs can have their properties (traits) added over time, similar to a videogame character's inventory or a yield protocol's interest rate, making them a flexible and dynamic asset.
What sets SHIELD-NFTs apart is their third-generation NFT standard. This standard stores mutable data and SHIELDdata, allowing them to interact with both on-chain and off-chain sources. SHIELD-NFTs can dynamically update properties based on parameters triggered by the user or external sources, giving the user complete control not just over their NFT but also the attached SHIELDdata.

The protocol's focus on giving users control and flexibility over their NFTs has led to the development of a new asset class, known as SHIELD-NFTs (shldNFTs). SHIELD-NFTs are as versatile as SHIELDdata but are fully stored on-chain, ensuring their security and immutability. The SHIELD NETWORK innovative approach to NFTs is transforming the way we think about these assets, and it will be exciting to see how the technology develops in the future.

What is a BLOCK SHIELD-NFT?

BLOCK SHIELD-NFTs are third-generation NFTs with the following traits:

• they can significantly extend their capabilities and evolve dynamically with new properties and restrictions over time
• they can serve as on-chain mutable storage entities that can interact with both on-chain and off-chain data
• they overcome existing limitations of current standards and allow developers to quickly adapt and integrate future ones

What is the difference between 1st, 2nd and 3rd generation NFT's?
First generation NFTs:

These NFT's were introduced early in 2017 as unique on-chain identifiers that can be attached to a specific wallet. Transfer capabilities and properties have since been added to support more information stored within the NFT. However, once minted, these NFTs cannot evolve, as they are hard-coded and inherently static.

Second generation NFT's:

These NFT's introduced support for both on-chain and off-chain metadata.
Each NFT is a unique unit of data linked to metadata representing digital and physical objects on-chain or off-chain and can provide an immutable proof of ownership.
As such, these NFTs have been commonly used to create digital scarcity for digital assets — particularly for art and illustrations — as seen in the NFT boom of 2021. They’ve also gained popularity in play-to-earn games and have generated substantial excitement around nascent use cases such as royalty payments for artists, event ticketing, and loyalty programs. They are limited, however, by the inability to change properties depending on internal or external parameters.

Block Shield Network ? is the next gen layer blockchain aims for scaling and protecting. building the Fastest Blockchain With the lowest cost, And growth in its SHIELD-NFT's marketplace on its Ecosystem.