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EXERCISE: :
i. Watch the above lesson video and also read through the recommended resources. Then, answer the following questions
ii. What Is Lock Smart Contract On Unlock Protocol?
iii. Summarize in your own word in this forum below:
(NOTE: please, don't just copy-paste from other students - instead answer in your own word based on your level of understanding the lesson and resources)
NOTE:
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It is an NFT smart contract deployed via Unlock Protocol to create a Membership NFT access control list to mint, grant and keep track of key
and owners/users
- Key comprises of configurable features like:
- key price (amount and currency, Ether or ERC20)
- key duration (how long each key is valid for)
- number of keys (can be infinite)
- lock name
Lock smart contract on unlock protocol is a smart contract that is used to control user access and track access key and address of users holding the key