Present By @DoubleProtocol @RealResearchDAO @BitMetis
The fast development of NFT drives its application to a wider range and becomes rather important, especially in Gamefi.
But with the rise of the Gamefi sector’s requirements, like various gameplay and more complex tokenomics, the ERC-721 Standard no longer meets the increasing demands, which, as a result, brings attention to other ERC Standards.
This article will break down three ERC Standards being adopted or to be adopted in Gamefi, hopefully it can give you a new perspective on the space.
The ERC-4907 standard is an extension of ERC-721 that introduces the dual roles of ‘owner’ and ‘user’ at its application layer and is based on the architecture of Decentraland LAND NFTS/ENS Domain Names, both of which have this feature
The ERC-4907 is fully compatible with the ERC-721, it streamlines NFT rentals through an automated ‘expires’ function which enforces the time-limited role of the user.
The ERC-4907 standard enables users to gain access to the owner’s NFT briefly but does not grant the user the right to transfer or change the state of the NFT.
The adoption of ERC-4907 will unlock rental possibilities in blockchain games from the contract level.
ERC-3525 is a Semi-Fungible token standard designed by Ryan Chow and members of the Solv Protocol. It is an NFT's scalability token standard, in which each token is unique and exclusive, and it can be split, merged, and traded.
For example, the game equipment can be upgraded and merged. The computability and composability of SFT can significantly simplify the development difficulty and improve the liquidity of virtual commodity trading, thus enriching playability to a large extent.
Besides, this protocol also limits the out-flow of in-game assets through taking. Under the ERC-3525 Standard, staking can be mandatory instead of optional: if a player wants to sell NFTs, he must stake half, and the other half can be tradable. Additionally, the tradable part can still be offered an extension (like 7 days).
EIP-1559 aims to improve traffic flow on the network by setting a base fee for transactions and increasing the block size that holds these transactions.
While in blockchain games, it’s more like algorithmic stablecoins, only to be triggered in settlement of the Play to Earn model, changing the 50% gas limit to the difference between output and consumption. Based on the need for moderate inflation of game assets, the difference is set to a dynamic value greater than 0 and less than 0.5.
When the output minus consumption starts to be greater than that value, the reward decreased, and vice versa, the reward increased
Eventually, organic control of output and consumption can be achieved without excessive inflation or deflation.
Overall, each Standard severs different functions:
ERC-4907 Standard makes NFT rental more normative and secure, advancing the NFT liquidity to a large extent
ERC-3525 Standard focuses on the composability and playability of in-game NFTs
EIP-1559 helps to optimize the scale of a token’s inflow and outflow
We believe in the future, these ERC Standards will make a splash in the transition of Gamefi from gold farming to playability and quality.
About BitMetis The world’s leading decentralized Game-Fi distribution Network. Real-time Data|Trending Events|Guides|Click-to-Earn Bounties Where to find us？ Twitter：https://twitter.com/BitMetis Discord：https://discord.com/invite/pp6CBntccT All Links：
Present By @DoubleProtocol @RealResearchDAO @BitMetis
The fast development of NFT drives its application to a wider range and becomes rather important, especially in Gamefi.
But with the rise of the Gamefi sector’s requirements, like various gameplay and more complex tokenomics, the ERC-721 Standard no longer meets the increasing demands, which, as a result, brings attention to other ERC Standards.
This article will break down three ERC Standards being adopted or to be adopted in Gamefi, hopefully it can give you a new perspective on the space.
The ERC-4907 standard is an extension of ERC-721 that introduces the dual roles of ‘owner’ and ‘user’ at its application layer and is based on the architecture of Decentraland LAND NFTS/ENS Domain Names, both of which have this feature
The ERC-4907 is fully compatible with the ERC-721, it streamlines NFT rentals through an automated ‘expires’ function which enforces the time-limited role of the user.
The ERC-4907 standard enables users to gain access to the owner’s NFT briefly but does not grant the user the right to transfer or change the state of the NFT.
The adoption of ERC-4907 will unlock rental possibilities in blockchain games from the contract level.
ERC-3525 is a Semi-Fungible token standard designed by Ryan Chow and members of the Solv Protocol. It is an NFT's scalability token standard, in which each token is unique and exclusive, and it can be split, merged, and traded.
For example, the game equipment can be upgraded and merged. The computability and composability of SFT can significantly simplify the development difficulty and improve the liquidity of virtual commodity trading, thus enriching playability to a large extent.
Besides, this protocol also limits the out-flow of in-game assets through taking. Under the ERC-3525 Standard, staking can be mandatory instead of optional: if a player wants to sell NFTs, he must stake half, and the other half can be tradable. Additionally, the tradable part can still be offered an extension (like 7 days).
EIP-1559 aims to improve traffic flow on the network by setting a base fee for transactions and increasing the block size that holds these transactions.
While in blockchain games, it’s more like algorithmic stablecoins, only to be triggered in settlement of the Play to Earn model, changing the 50% gas limit to the difference between output and consumption. Based on the need for moderate inflation of game assets, the difference is set to a dynamic value greater than 0 and less than 0.5.
When the output minus consumption starts to be greater than that value, the reward decreased, and vice versa, the reward increased
Eventually, organic control of output and consumption can be achieved without excessive inflation or deflation.
Overall, each Standard severs different functions:
ERC-4907 Standard makes NFT rental more normative and secure, advancing the NFT liquidity to a large extent
ERC-3525 Standard focuses on the composability and playability of in-game NFTs
EIP-1559 helps to optimize the scale of a token’s inflow and outflow
We believe in the future, these ERC Standards will make a splash in the transition of Gamefi from gold farming to playability and quality.
About BitMetis The world’s leading decentralized Game-Fi distribution Network. Real-time Data|Trending Events|Guides|Click-to-Earn Bounties Where to find us？ Twitter：https://twitter.com/BitMetis Discord：https://discord.com/invite/pp6CBntccT All Links：
BitMetisDehero--The Complete & Ultimate Guide To New Beginners!
📢 Introduction: DeHero is a decentralized GameFi application based on BSC. By staking NFT assets, users can unbox NFT card packs in blind boxes, collect NFT roles, and do card mining with appropriate training strategies. As a result, users obtain DeHero's governance token HEROES. Users can trade NFT cards in the trading market. More application scenarios, such as NFT card battles and DAO community co-governance, will be opened soon.💡 Highlights：NFT+Defi Game.Friendly to Novices. The Ga...
BitMetisIlluvium-Bring AAA quality Innovation to the Crypto-gaming space
@BitMetis | BitReport Your Source of Reliable, Unbiased Research and Due Diligence BitMetis Review： Gameplay： At present, only the mobile zero mini game is launched with impressive feedback. The official release time of the game is undecided Tokenomics:$ILV , $SILV2 and $Fuel, Reasonable token allocation Long-time unlocked circle with doubling revenue NFT：Core NFT land with high price and popularity Community： Large-scale community,high loyalty for followers and high participation rate Invest...
BitMetisDecentraland: The First Decentralized Metaverse that is Pioneered by its Users
Author: @BitMetis | BitReport Your Source of Reliable, Unbiased Research and Due DiligenceBitMetis Review： Gameplay：player-oriented/ project oriented Tokenomics: 40X token price than ICO NFT：High NFT price + The value and price of NFT is up to 100X more than the value of mint Community：large-scale community but activity declining Investor & Team：Top VC backers in the worldIntroductionDecentraland is a decentralized virtual reality platform powered by the Ethereum blockchain. Within the Decent...
BitMetisDehero--The Complete & Ultimate Guide To New Beginners!
📢 Introduction: DeHero is a decentralized GameFi application based on BSC. By staking NFT assets, users can unbox NFT card packs in blind boxes, collect NFT roles, and do card mining with appropriate training strategies. As a result, users obtain DeHero's governance token HEROES. Users can trade NFT cards in the trading market. More application scenarios, such as NFT card battles and DAO community co-governance, will be opened soon.💡 Highlights：NFT+Defi Game.Friendly to Novices. The Ga...
BitMetisIlluvium-Bring AAA quality Innovation to the Crypto-gaming space
@BitMetis | BitReport Your Source of Reliable, Unbiased Research and Due Diligence BitMetis Review： Gameplay： At present, only the mobile zero mini game is launched with impressive feedback. The official release time of the game is undecided Tokenomics:$ILV , $SILV2 and $Fuel, Reasonable token allocation Long-time unlocked circle with doubling revenue NFT：Core NFT land with high price and popularity Community： Large-scale community,high loyalty for followers and high participation rate Invest...
BitMetisDecentraland: The First Decentralized Metaverse that is Pioneered by its Users
Author: @BitMetis | BitReport Your Source of Reliable, Unbiased Research and Due DiligenceBitMetis Review： Gameplay：player-oriented/ project oriented Tokenomics: 40X token price than ICO NFT：High NFT price + The value and price of NFT is up to 100X more than the value of mint Community：large-scale community but activity declining Investor & Team：Top VC backers in the worldIntroductionDecentraland is a decentralized virtual reality platform powered by the Ethereum blockchain. Within the Decent...
The world's first decentralized Game-Fi distribution network. We aim to build a bridge to connect every aspect of the metaverse.
The world's first decentralized Game-Fi distribution network. We aim to build a bridge to connect every aspect of the metaverse.
Share Dialog
Share Dialog
Subscribe to BitMetis
Subscribe to BitMetis
<100 subscribers
<100 subscribers
No activity yet