Projected NFTs: Using Cardano NFTs in Smart Contract Applications
4 min read
Users want to use their NFTs in applications (games, DeFi, social platforms) without giving up ownership. Projected NFTs solve this: lock an NFT on Cardano L1 and use a representation in your application. The NFT never leaves your wallet in any meaningful sense; it's locked in a smart contract you control, and you can unlock it at any time.