If you don’t meet your loan repayment deadlines, you will lose ownership of the content since it’s used as collateral. It will eventually be put up for auction by the platform to boost the platform’s liquidity (to increase the platform’s cash flow to provide loans for other users).
Failing to repay the loan on time will significantly impact your credit score, making it difficult for you to secure loans in the future.
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Nice thanks for the heads up and clarification as well, I can’t wait to see your platform up and running wishing you all the best, I think this might be my last question
Hopefully I would like to see you win but as the case maybe you didn’t win from the hackathon, do have any alternatives or plan B to still build this project
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Even if I didn’t win the hackathon, I have no plans to abandon the project. The hackathon was just a catalyst for me to push my boundaries.
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That’s a comprehensive approach for the credit score system. It’s great to hear about the considerations for fairness and accuracy.
To dive deeper, I’ve just a single question bordering on your above response;
Could you explain more about how the logarithmic function works to maintain fairness and accuracy?
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This sounds pretty amazing and cool to me at the same time, interacting NFTs is a nice addition but I’m curious, so here’s a few questions;
How user-friendly is the process for creators to implement these dynamic input fields and customize their NFTs?
Will there be any tutorials or guides available for creators who want to take full advantage of this feature?
Can you provide an example of how this interactive NFT feature might be used in practice, perhaps a use case or scenario?
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Sure thing, buddy! So, think of it like this: You’ve got two creators, One’s a total newbie with just 10 followers, and the other is a big deal with 10,000 followers. Now, if we didn’t use the log function, the pro would totally overshadow the newbie.
But with the log function:
Log(10 + 1) = Log(11) = around 2.3
Log(10,000 + 1) = Log(10,001) = around 4
Think the below example will give you a clear idea here:
Newbie: 10 followers
Pro: 10,000 followers
Here, the pro is just crushing it, like 1,000 times better on paper.
With Log Function:
Newbie: log(10) is around 2.3
Pro: log(10,000) is around 4
So, the gap is still there, but it's definitely way less dramatic than 10 vs 10,000.
This way instead of things going up and up super fast, they slow down as they get bigger.
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You can currently try one of the already created IntractIve NFTs, which is a complete AI Chess Game
I guess with this, you’ll get a clear idea about my vision for Interactive NFTs. It’s like having a complete website or part of it as an NFT. The functionality of this is as limitless as what JS is capable of.
For example, we can think of one Interactive NFT as a game with some restrictions that only the owner can play. So, you can buy or rent the game to play it 
.
Since Interactive NFTs are primarily based on JS and HTML, I expect creators to have a bare minimum understanding of these languages to create one for themselves.
But consumers or buyers don’t need to worry about the coding part. They can personalize the properties of the NFT using just input fields.
From the creator’s perspective, the structure in which the code needs to be written to enable these personalization properties will be guided by either a tooltip or documentation.
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Good to know, wishing you all the best 
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Thank you for the clarification on how the logarithmic function works to balance the scoring system. It certainly seems like a fair approach.
But, will users be able to track the impact of their actions on their credit scores in real-time?
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Oh waow, this is mind blowing.
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Hmm this might be cool to view direct live update on there credit score, As on now I am having plan to update that when ever they manually trigger a action to view the score. Will think about the feasibility of live update 
.
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Ya 
and that is why it’s my personal favourite feature among the pack.
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This is really a cool idea, offering users the option to view a direct live update of their credit score could be an engaging feature.
Moving forward, if live updates are feasible, consider implementing notifications to alert users of significant changes in their credit scores. This could keep users engaged and informed about their standing on the platform.
And then again, after implementing live updates, provide clear instructions or tooltips explaining what actions affect the score positively or negatively. This can help users make informed decisions.
This just my 2 cents.
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Thanks for the suggestions @manfred_jr, Will try addup awareness and notifications to keep users informed about how their actions impact their credit scores.
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You’re welcome!
Seems you’re caught up in alot of behind the scenes/irl work, I can tell from your slow involvement in forum activities.
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Haha you got me! Yeah, been caught up in some personal stuff. Will keep things lively from now!
Haha 
I’m rooting for you in whatever engagements you’ve behind the scenes, hopefully you smash em and come out tops in them all.
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Thanks for the support, man. It’s good to know someone’s got my back 
Hope you’re crushing it on your end too!
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Ofcourse I am, everything is fine this way and I’m taking inspiration and cue from how you get work done.
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Haha, out of the blue but I’ll take it! 
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