Based of the Monero network, a new protocol for digital assets called Tari will be created soon, CoinDesk reports.
According to the authors of the new protocol, Tari will focus on tokens with unique characteristics that contain information about ownership rights (for example, loyalty points or virtual goods). Also, developers note that their protocol will allow issuers of digital assets to participate in the secondary market.
Leading developer at Monero Ricardo Spagni will take part in Tari development. The project website noted that the new protocol will "support any kind of digital assets" and is capable of processing "many thousands of transactions per second".
If you have a decentralized distributed trustless system that supports non-fungible tokens that enforces the rule sets around digital assets, that changes the game because now you have an opportunity for consumers to trade those digital assets. We don't want to make a lot of future statements, we just want to prove ourselves along the way and we think that's a great way to build trust and build our community.
He believes protocols and networks looking at specific use cases may be more useful than general-purpose ones.