Was wondering if there has been previous discussions about different possibilities for renVM to support NFT assets since no fees can be taken from the tokens themselves. Immediate things that come to mind:
One option would be to pay fees in REN token which would also create further use cases for the token other than bonding nodes. Some interesting discussions here about inflationary model for REN token, which would require a token migration which is not an easy feat but still worth considering imo if there are many good arguments for a token migration. Increase Darknode sign ups
To have a more stable fee one could also have payment of fees in DAI, I saw few comments on telegram such as the screenshot below but not sure if any extensive discussions have taken place.
Downsides I can think of with NFT’s is that it will be very difficult to balance the value between shards as one NFT can be worth millions (!!) and since its not divisible it cannot be spread out between many shards.
Another thing, the TVL could skyrocket if there are many high value NFT’s in renVM’s custody.
Also, this makes the possibility to activate continous fees very difficult if that would be something to consider in future.
I am surely missing many points, would love to hear the community’s thoughts on this as i suspect this has been discussed previously. NFT’s can be quite expensive as well and if fees are taken as a % of that value it could be a very good additional revenue stream.