https://eips.ethereum.org/EIPS/eip-7590

In the fast-paced world of blockchain technology and decentralized ecosystems, innovation knows no bounds. The latest buzz in the crypto sphere is the proposed ERC-7590: an exciting extension to the ERC-721 standard that promises to revolutionize the way NFTs interact with ERC-20 tokens.

Picture this: a seamless integration that allows non-fungible tokens to not only receive but also transfer ERC-20 tokens within a single NFT. This groundbreaking proposal aims to enhance the functionality of ERC-721, paving the way for unique tokens to manage and trade ERC-20 fungible tokens like never before.

The beauty of this extension lies in its ability to facilitate complex transactions and foster interoperability between diverse token standards. By empowering NFTs to engage in multi-token exchanges, the ERC-7590 opens up a world of possibilities across various industries, from gaming and digital collectibles to decentralized finance and supply chain management.

https://evm.rmrk.app/erc20holder

One of the key features of this proposal is the inclusion of methods that enable the seamless transfer of ERC-20 tokens into and out of an NFT, all while ensuring security and preventing front-running issues. This not only enhances market liquidity but also creates new avenues for value creation within the blockchain ecosystem.

But the innovation doesn't stop there. The ERC-7590 introduces new utilities that expand the use cases of NFTs, allowing them to handle various token types and participate in composite transactions. Imagine a gaming ecosystem where in-game assets comprise a mix of fungible and unique tokens – with this extension, such transactions become a breeze.

https://www.rmrk.app/

https://singular.app/collectibles/base/0x011ff409bc4803ec5cfab41c3fd1db99fd05c004?isVerified=false&showPending=true&hideRelated=false&network=base&sortBy=_eval(price:%20%3E%200):desc,%20price_usd:asc,%20price:asc&page=1

To address the nuances of token transfers, the proposal suggests a pull mechanism that offers flexibility and customization through smart contract hooks. This approach not only streamlines the transfer process but also ensures that developers have the freedom to execute specific actions before and after token transfers.

In considering the implementation of the proposal, two approaches were weighed: a granular approach with independent interfaces for each type of held token, and a universal token holder capable of managing ERC-721 and ERC-1155 tokens as well. While the granular version may be more cost-effective in terms of gas usage, the generic version offers simplicity and convenience with single methods for sending and receiving tokens.

https://wizard.rmrk.dev/#/

Ultimately, the decision was made to opt for the granular approach, taking into account the unique characteristics of ERC-20 tokens and the need for a standardized transfer method with callbacks. By choosing this path, the ERC-7590 aims to strike a balance between efficiency and functionality, setting the stage for a new era of token interoperability and innovation in the world of NFTs.

In conclusion, the ERC-7590 is more than just a proposal – it's a bold step towards enhancing the capabilities of NFTs and unlocking new possibilities for token interactions. As blockchain technology continues to evolve, initiatives like this pave the way for a more interconnected and vibrant ecosystem where creativity knows no bounds. Stay tuned for the exciting developments that lie ahead as the world of NFTs and ERC-20 tokens converge in a harmonious dance of innovation and progress.

Writer

On Sept 15th 2021, the $RMRK token was generated and released into the hands of the original Kanaria NFT buyers. The total supply is 10 million which is all in circulation. In total, 88% of the RMRK supply was fair-dropped to the community.

The best way to be kept up to date about future changes on this page is to join our Telegram channel and follow us on Twitter.

Current State of RMRK

Currently, RMRK is fully circulating, and no more RMRK will be ever minted.

The  RMRK tokens are spread among various chains.

https://bridge.rmrk.app/

                                **Learn more about the Token Migration [here](http://rmrk.app/blog/official-announcement-from-rmrk-introducing-the-new-rmrk-token-contract)**

Token Utilities

• Acquire lands in the Skybreach Metaverse

• Discounted fees when you mint and trade advanced Modular NFTs on Singular and other dApps when you use $RMRK

• Stake $RMRK to receive gas tokens for upcoming RMRK's appchain on Polkadot (Coming soon)

• Stake $RMRK to craft in-game resources and performance boost (Coming soon)

• Hold $RMRK to avoid land decay, earn mana, and govern Skybreach (Coming soon)

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Wallets to use

Some wallets allow you to hold $RMRK tokens on EVM and on Substrate, but some just let you have on one kind of network. Depending on which network you hold them, you can choose through following wallets.

EVM

• Metamask - https://metamask.io/

• Rabby - https://rabby.io/

• Talisman - https://www.talisman.xyz/

• CoinWallet - https://www.coinbase.com/en-gb/wallet

Substrate

• Polkadot.JS - https://polkadot.js.org/

• Talisman - https://www.talisman.xyz/

• ‍Nova Wallet (Mobile) - https://novawallet.io/

Where to check on-chain transactions?

• Ethereum: www.etherscan.io

• Base: https://basescan.org/

• BSC: https://bscscan.com/

• ‍Moonbeam: https://moonbeam.moonscan.io/

• ‍Moonriver: https://moonriver.moonscan.io/

• Astar: https://astar.blockscout.com/ (As soon as Axelar integrates Astar, the token will be available.)

Where to buy RMRK?

You can buy RMRK tokens on decentralized exchanges.

DEX:

• Uniswap (Base)

• Stellaswap (Moonbeam)

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Token Contracts

All Networks:

• Ethereum: 0x524d524B4c9366be706D3A90dcf70076ca037aE3

• Polygon: 0x524d524B4c9366be706D3A90dcf70076ca037aE3

• Base: 0x524d524B4c9366be706D3A90dcf70076ca037aE3

• BSC: 0x524d524B4c9366be706D3A90dcf70076ca037aE3

• Moonbeam: 0x524d524B4c9366be706D3A90dcf70076ca037aE3

• Astar: 0x524d524B4c9366be706D3A90dcf70076ca037aE3 - (As soon as Axelar integrates Astar, the token will be available.)

‍

How to add the token to your wallet?

For Metamask and for general knowledge check the following video:

Talisman: https://docs.talisman.xyz/talisman/navigating-the-paraverse/ethereum-features/adding-custom-tokens

Nova Wallet: https://docs.novawallet.io/nova-wallet-wiki/asset-management/add-custom-erc-20-token

‍‍Remember to stay safe. Nobody from the team will ever sent you a DM first neither ask your private keys--

https://www.rmrk.app/blog/rmrk-tokens

RMRK Team

Writer

Dear RMRK Community,

We're thrilled to introduce the new RMRK token, marking a big step in our efforts to offer a smooth and secure cross-chain experience. This upgraded token will replace the current xcRMRK token, providing improved features and utilities for our users.

The decision to create the new RMRK token stems from the suspension of the Multichain bridge used for token bridging, resulting in the fragmentation of the xcRMRK token across multiple chains. The new RMRK token, built on OZ and Axelar, is a cross-chain token that can be bridged between chains through the Axelar Network, ensuring future resistance to such events.

Closing and opening new liquidity pools

Starting this migration process, we already closed the liquidity pools in the DEXs where the old xcRMRK token was. We have also started a new one with the new token and are in contact with CEXes to update the contracts for the new token.

For now, we don't recommend using any CEX until they update the contracts. We will keep our community informed on this point. If you have your old tokens at any CEX, they are safe but we recommend that you move them from your wallet so you can swap to the new tokens (see below for info on how to swap)

‍

Swap Ratio

The swap ratio from old tokens to new one is 1:1. So you will get the same amount of tokens when you swap them.

New LPs with updated contracts that you can use

Uniswap (Base)

‍StellaSwap (Moonbeam)‍

CEX

We are discussing with CEXes if they can migrate all tokens automatically but there is no guarantee that it will happen. If you have your tokens on a CEX and want to upgrade them to the new RMRK token, you will need to withdraw them to your personal wallet and then swap them to the new RMRK token.

‍Utilities of the New Token

The new RMRK token comes with exciting utilities, including trading and discount fees at Singular.app (coming this week) and in the future at Mintaur.app. We are committed to expanding the token's utility, and additional features will be announced in due time.

Introduction of the Swap/Bridge Tool

To facilitate the smooth transition to the new RMRK token, we have introduced a user-friendly swap/bridge tool at https://bridge.rmrk.app/. This tool will enable you to seamlessly swap your old xcRMRK tokens for the new RMRK tokens on all supported chains and as well to transfer the new RMRK tokens across chains. 

Important Links

For your convenience, here are the links to the token contracts for each chain:

• Ethereum: 0x524d524B4c9366be706D3A90dcf70076ca037aE3

• Polygon: 0x524d524B4c9366be706D3A90dcf70076ca037aE3

• Base: 0x524d524B4c9366be706D3A90dcf70076ca037aE3

• BSC: 0x524d524B4c9366be706D3A90dcf70076ca037aE3

• Moonbeam: 0x524d524B4c9366be706D3A90dcf70076ca037aE3

• Astar: 0x524d524B4c9366be706D3A90dcf70076ca037aE3 - (As soon as Axelar integrates Astar, the token will be available.)

Swapping from Asset Hub

Users with tokens in Polkadot/Kusama's Asset hub should bridge tokens to Moonriver via XCM first before migrating/swapping with our tool. Follow the steps below:

Full video guide

Step 1 – Navigate to https://apps.moonbeam.network/moonriver/xcm

Step 2 – Select RMRK

Step 3– Select From and To networks

Step 4 – Select how many tokens you wanna bridge

Step 5 – Execute

Swapping old RMRK tokens to new ones

‍To swap your tokens inside our app, it's a simple process. Be aware that if your tokens are on Moonriver, they will be swapped and transfer automatically to Moonbeam.Follow this guide to start your swap processing towards the new token:

Check the FAQ section on the bottom of the page at https://bridge.rmrk.app/ to have complete information. You will find there other video tutorials.

Telegram Support

For further assistance, join our Telegram community at https://t.me/rmrkapp. Please note that we will not send any direct messages, and it is essential to verify the identity of team members for your safety. We will never contact you directly to bridge neither ask your private keys.The only place to swap and bridge your tokens is at https://bridge.rmrk.app/

We appreciate your ongoing support as we continue to enhance the RMRK ecosystem. Thank you for being part of our vibrant community.

Best regards,

The RMRK Team

https://bridge.rmrk.app/

Autor Magusz

Dear Kanaria Community,

‍

Exciting news! Your Kanaria birds are ready to migrate to their new nesting grounds. The journey to get to this point was challenging, to say the least, but the hard part is over now, and we couldn't be more excited about the new possibilities this migration opens up for us all.

‍

Before we landed on the new home for our precious birds, we carefully considered the best blockchain to go with. After a thorough evaluation, we've chosen Base as our platform of choice. This decision is based on several key factors that align with our commitment to providing the best experience for our community:

‍

Cost-Effective Transactions: Base offers a cost-efficient transaction environment, enabling seamless trading, equipping, and unequipping of assets at a reduced cost.

‍

Native Currency Integration: Base employs ETH as its native currency, facilitating a smoother adoption process within mainstream markets.

‍

Enhanced Visibility: Base is integrated with various other NFT marketplaces, providing increased visibility for Kanarias and further connecting our community with a broader audience.

‍

We acknowledge that this announcement may elicit mixed reactions within our community, as preferences for blockchain platforms vary. It is important to recognize that regardless of the chosen blockchain, there will always be differing opinions. Our decision is rooted in the pursuit of delivering the best possible experience for our community as a whole.

‍

Moving Forward with Kanaria

‍

The migration is the first step towards a new boost for Kanarias, like a Phoenix that rises from the ashes and gains new strength. To facilitate this, the team has planned several initiatives to enhance the boost:

Gems - These will bring benefits to the holders. This is anticipated to occur in the first quarter of 2024.

Cross-Collection - We are aiming to partner with various projects to create cross-collection equipables, allowing these NFTs to be equipped not only in Kanaria but also in other NFT collections.

Art Contests - We will launch an art contest campaign for artists to create new equipable NFTs, bringing fresh and innovative designs to our birds' items.

Airdrops - New items will be airdropped to early traders on Base. If you want to be eligible, make sure to conduct some trades during December. More details to be announced next week. What about the Skybreach lands?Don’t worry. They will also be migrating after the Kanarias. We are planning to do it on the following week and there’s nothing that holders need to do. The migration will be automatic. They will appear on the same wallet that you used to migrate the Kanarias.

‍

Let’s start with migrating all Kanaria NFTs!

‍

How to migrate my Kanarias?We have created a step-by-step guide. The migration tool that our team developed is quite intuitive but we want to make it as clear as possible for all Kanarias holders. NOTE: Keep in mind items that are not in Kanaria inventory (doesn't matter if equipped or not), will not migrate in this phase. For Kanaria items that are outside of Kanaria (not nested anywhere), a separate phase 2 migration will be made available later. Don’t be surprised if your migrated Yuletide items still display an image of a present‍IMPORTANT: Before starting your migration process make sure you have some ETH tokens on your wallet at Base (~$0.03 per Kanaria bird, depending on the current gas price), as well as some KSM tokens on your wallet on the Kusama network. This is needed to pay the chain transactions. To send some ETH tokens to your wallet at Base, you can use our widget at Singular or the official Base bridge. Other possibilities for bridging are Orbiter and LayerSwap. We recommend sending from one L2 to Base since it’s cheaper, rather than sending from the Ethereum main chain. Also check for gas before doing the transactions. At Sundays usually it’s cheaper.

‍

1. Start by connecting your Kusama wallet at Singular. If you have Kanaria birds you should see a banner on the top with a similar message.

2.Click on “Migrate now”. You will be directed to a page that will present all the steps needed. First, connect your EVM wallet by clicking on the button at the bottom.

3. Once both accounts are connected (Kusama and Base wallets), verify that the addresses are correct. Confirm that all is correct and click on each button to sign a message with your wallet for us to make sure that you are the owner of the account.

4. Now link both addresses. To do that just click on the button that says “Link addresses”. This will tie your Kusama address to your Base evm address, so we know where Kanaria birds should be sent.

5. As soon as the addresses are linked a message will appear stating how many Kanaria NFTs you have to migrate. Click on the button that says “Migrate x Kanaria NFTs to Base”. This will transfer your Kusama Kanarias and all of their eligible nested items to RMRK Migrator holding account on Kusama.

6. The process is almost complete. The RMRK team will take the snapshot once every 24 hours and set the Kanarias and their items to be claimable by you on the Base network. Check back after 24 hours to claim your Kanaria birds.

7. You can close the browser window now if you wish. At any time you can go back to check the progress of your migration. To do that you can check the banner on the top with a button saying “Check Status”. Click on it to go back to the previous window with all the steps of the process.

8. If your Kanaria NFTs are ready to be claimed, you will see a new button saying “Claim now”. Click on it to start the process.

Because on average, each Kanaria has ~6 nested NFTs, you can only claim 2 Kanaria birds at a time (block size limitations). As long as there are still Kanaria birds to migrate, the button saying “Claim now” will remain active.

9. As soon as you claim the first 2 Kanaria NFTs, the progress section saying how many NFTs remain to be claimed will update. Repeat the process until you have no more NFTs to claim.

10. Once all NFTs are migrated, a pop-up window will appear. Wait a few minutes for our indexer to refresh and you should be able to see all your Kanaria on “Your Space” at Singular, this time on the Base chain.

At any moment if you need any support, please reach out to our team at Telegram.

https://www.rmrk.app/blog/migration-of-kanaria-and-skybreach-lands

https://eips.ethereum.org/EIPS/eip-7508?source=post_page-----068172a8a9dc--------------------------------

Abstract:

The Public On-Chain Non-Fungible Token Attributes Repository standard, known as ERC-7508, introduces a groundbreaking approach to the storage of token attributes in a public-good repository. This standard provides the capability for ERC-721 and ERC-1155 compatible tokens to store their attributes on-chain, making them accessible to any external smart contract interacting with them.

Introduction:

In recent years, non-fungible tokens (NFTs) have gained significant traction within the Ethereum ecosystem, serving a wide array of use cases. As the utility and versatility of NFTs continue to expand, there arises a need to standardize additional functionalities to enhance their potential. The ability to store token attributes on-chain represents a significant leap forward in the evolution of NFTs, fostering cross-collection interactivity and providing a perpetual store of attributes.

Motivation:

The motivation behind ERC-7508 lies in the growing significance of NFTs and the need to standardize additional utilities for these tokens. By enabling the on-chain storage of token attributes, this proposal aims to elevate the utility of ERC-721 and ERC-1155 based tokens in several key areas:

1. Cross-Collection Interactivity

2. Perpetual Store of Attributes

3. Token Evolution

4. Dynamic State Tracking

https://twitter.com/snakesoldiers/status/1726598172716188147?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1726598172716188147%7Ctwgr%5E5550285fa7dabe040a4446f6b75d7dc394500d69%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcdn.embedly.com%2Fwidgets%2Fmedia.html%3Ftype%3Dtext2Fhtmlkey%3Da19fcc184b9711e1b4764040d3dc5c07schema%3Dtwitterurl%3Dhttps3A%2F%2Ftwitter.com%2Fsnakesoldiers%2Fstatus%2F17265981727161881473Fs3D20image%3Dhttps3A%2F%2Fi.embed.ly%2F1%2Fimage3Furl3Dhttps253A252F252Fabs.twimg.com252Ferrors252Flogo46x38.png26key3Da19fcc184b9711e1b4764040d3dc5c07

Cross-Collection Interactivity:

The storage of attributes on-chain in a standardized format paves the way for cross-collection interactivity. This means that the attributes of a token can be accessed and utilized by any external smart contract without requiring the token to be aware of the specific external smart contract. For instance, a token representing a game character with a set of attributes can seamlessly transition to an unrelated game while retaining its original attributes. This ensures the legitimacy of the data being used and safeguards against tampering for unfair advantage.

https://singular.app/

https://evm.rmrk.app/

Perpetual:

Store of Attributes Standardized on-chain token attributes enable their perpetual storage. Unlike off-chain attribute storage, where attributes are contingent upon the availability of the off-chain storage, on-chain storage ensures that attributes remain accessible for as long as the blockchain exists. This longevity significantly enhances the value of the token by guaranteeing the availability of its attributes throughout its existence.

Token Evolution:

On-chain storage of token attributes facilitates the evolution of a token over time. Owners’ actions can directly impact the attributes of the token, allowing for dynamic modifications once certain thresholds are met. This capability enhances the interactivity of tokens, enabling them to reflect the dedication and efforts of their owners while evolving in response to changing conditions.

apps for dev:

https://wizard.rmrk.dev/#/

Dynamic State Tracking:

The on-chain storage of token attributes also enables dynamic state tracking. These attributes can be leveraged to monitor the state of the token and its owner, opening up a myriad of potential use cases. For instance, in supply chain management, a token can represent a product, and its attributes can be utilized to track the product’s state as it progresses through various stages such as pending, shipped, and delivered.

Conclusion ERC-7508:

the Dynamic On-Chain Token Attributes Repository, represents a significant advancement in the realm of non-fungible tokens. By introducing a standardized approach to on-chain attribute storage, this proposal enhances the utility and longevity of ERC-721 and ERC-1155 based tokens, fostering cross-collection interactivity, perpetuating attribute storage, enabling token evolution, and facilitating dynamic state tracking. As the Ethereum ecosystem continues to evolve, the adoption of ERC-7508 stands to revolutionize the capabilities of NFTs, unlocking new possibilities for their use across diverse applications and industries.

#NFT #ERC7508 #RMRK #EVM

Introduction

In the world of blockchain technology, Non-Fungible Tokens (NFTs) have gained significant popularity due to their ability to represent unique digital assets. NFTs have the potential to revolutionize various industries, including art, gaming, and finance. However, one challenge with NFTs is ensuring their authenticity and preventing unauthorized transfers. To address this issue, the ERC-6454 Soulbound extension was introduced as a standard that enables the creation of non-transferable tokens. This blog post explores the features and potential use cases of ERC-6454.

https://www.rmrk.app/

https://singular.app/

Understanding ERC-6454

The ERC-6454 Soulbound extension provides a set of rules and guidelines for creating non-transferable tokens on the Ethereum blockchain. It offers several ways to make a token non-transferable, giving developers flexibility in implementing this functionality. Let’s take a closer look at these methods:

1. Non-transferable from the moment they are minted: This method ensures that the token is non-transferable right from its creation. It can be useful in scenarios where the token represents a unique achievement or certification that should not be transferable to another individual.

2. Becoming non-transferable after a specified block: With this method, developers can specify a particular block number after which the token becomes non-transferable. This feature allows for time-bound restrictions on token transfers, providing additional control over the token’s lifecycle.

3. Becoming non-transferable after a predefined number of transactions: In some cases, developers may want to limit the number of times a token can be transferred. ERC-6454 allows for defining a maximum number of transactions after which the token becomes non-transferable. This feature can be useful for representing limited-edition digital assets or collectibles.

4. Setting tokens as non-transferable on a per-token basis: This method allows developers to mark specific tokens as non-transferable. It provides granular control over individual tokens, enabling unique restrictions based on their properties or attributes.

Potential Use Cases

Now that we understand the features of ERC-6454, let’s explore some potential use cases where non-transferable tokens can be beneficial:

1. Verifiable attribution: NFTs can be used to represent personal achievements, such as certifications, degrees, or professional licenses. By making these NFTs non-transferable, their authenticity can be ensured, preventing unauthorized copying or trading. This feature adds a layer of trust and verifiability to digital credentials.

2. Immutable properties: NFTs derive their value from their unique properties, which establish their scarcity. By tying these properties to the NFT and making it non-transferable, the uniqueness of the asset is preserved. This prevents centralized control by the issuer and ensures that the properties of the NFT remain unalterable.

3. Reputational avatars: NFTs can be used as avatars that accrue reputation in the form of soulbound tokens. These soulbound tokens, implemented through ERC-6059, can represent various achievements, skills, or items acquired by the avatar. By making the avatar non-transferable, the reputation and accomplishments associated with it are locked to a specific NFT. This feature enables the creation of tradable game characters with on-chain trackable reputation, fostering a meritocratic ecosystem.

Apps for developers and creators:

https://wizard.rmrk.dev/

https://evm.rmrk.app/

Conclusion

The ERC-6454 Soulbound extension provides a robust framework for creating non-transferable tokens on the Ethereum blockchain. By utilizing the features of ERC-6454, developers can ensure the authenticity, uniqueness, and integrity of NFTs. The potential use cases for non-transferable tokens are vast, ranging from verifiable attribution to reputational avatars. As blockchain technology continues to evolve, ERC-6454 serves as a valuable tool in expanding the possibilities of NFTs and revolutionizing various industries.

#NFT #ERC6454 #EVM #RMRK #Ethereum

ERC-7409: The Public Non-Fungible Token Emote Repository

Introduction

The world of non-fungible tokens (NFTs) has seen tremendous growth and innovation in recent years. These unique digital assets have captured the attention of collectors, artists, and investors alike. NFTs offer a new way to represent ownership of digital content, such as artwork, music, and virtual real estate. However, until now, there has been a lack of standardized ways to interact with and express sentiments about these tokens. Enter ERC-7409, the Public Non-Fungible Token Emote Repository.

https://www.rmrk.app/

https://emotes.app/

What is ERC-7409?

ERC-7409, also known as the Public Non-Fungible Token Emote Repository, is a proposed standard for interacting with non-fungible tokens using Unicode emojis. It operates as a public non-gated repository smart contract, which can be deployed on multiple networks at the same address. This standard enables users to express their impressions of an NFT using standardized emojis, adding an interactive, feedback-based dimension to NFT ownership.

Enhancing Interactivity

One of the key benefits of ERC-7409 is its ability to enhance interactivity within the NFT ecosystem. By allowing users to express their admiration or sentiment towards an NFT using emojis, this standard creates unique engagement experiences for NFT owners. It fosters a sense of community around the token, as individuals can easily communicate their thoughts and emotions about specific NFTs. This interactivity can deepen the connection between collectors, artists, and enthusiasts, creating a more immersive ownership experience.

Feedback-Based Evolution

Another significant advantage of ERC-7409 is its potential for feedback-based evolution of NFTs. By tracking on-chain reactions to NFTs, this standard enables creators to receive real-time feedback on their work. This feedback can be invaluable in shaping the future direction of their artistic endeavors. Artists can gain insights into what aspects of their work resonate with the audience and make informed decisions about future creations. This feedback loop incentivizes interactions with token collections and fosters a more dynamic ownership experience.

Valuation and Market Impact

The ability to emote on NFTs using ERC-7409 provides real-time indications of admiration or desirability. This has the potential to impact the value of the token in the market. Traditional valuation metrics for NFTs often rely on historical sale prices and market scarcity data. While these metrics are valuable, they do not capture the sentiment and emotional connection that individuals have with specific NFTs. By allowing users to express their emotions through standardized emojis, ERC-7409 provides a more robust metric for estimating the value of a specific NFT. This additional layer of information can assist potential buyers and sellers in making more informed decisions.

Apps for developers and creators:

https://wizard.rmrk.dev/

https://evm.rmrk.app/

Conclusion

ERC-7409, the Public Non-Fungible Token Emote Repository, introduces a standardized way to interact with NFTs using Unicode emojis. By enhancing interactivity, enabling feedback-based evolution, and providing a new metric for valuation, this proposed standard has the potential to revolutionize the NFT ecosystem. As NFTs continue to gain popularity and evolve, ERC-7409 offers a valuable tool for creating engaging experiences, fostering community, and driving the growth of this exciting digital asset class. It will be fascinating to see how this standard shapes the future of NFTs and the broader digital economy.

#NFT #ERC7409 #RMRK #Ethereum #Blockchain

Bruno Škvorc (@Swader), Cicada (@CicadaNCR), Steven Pineda (@steven2308), Stevan Bogosavljevic (@stevyhacker), Jan Turk (@ThunderDeliverer), "ERC-6220: Composable NFTs utilizing Equippable Parts,"

https://eips.ethereum.org/EIPS/eip-6220

Introduction

The world of non-fungible tokens (NFTs) has witnessed a tremendous surge in popularity over the past few years. These unique digital assets have revolutionized various industries, including art, gaming, and collectibles. However, the ERC-721 standard, which defines the basic structure of NFTs, has its limitations. Enter ERC-6220, a groundbreaking extension that expands the functionality of NFTs by introducing the concept of composable tokens. In this article, we will explore ERC-6220 in detail, discussing its features, potential use cases, and the impact it can have on the NFT ecosystem.

https://www.rmrk.app/

https://singular.app/

Understanding ERC-6220

ERC-6220 is a token standard that builds upon the ERC-721 standard, which is widely used for creating and managing NFTs. While ERC-721 tokens represent unique assets, ERC-6220 takes it a step further by enabling the creation of composable NFTs. Composable NFTs have the ability to selectively add parts to themselves through a process called “equipping.” This innovative feature opens up a world of possibilities for customization and interactivity within the NFT space.

Catalogs: Expanding the Creative Horizon

A crucial element of ERC-6220 is the concept of catalogs. A catalog is a collection of parts from which an NFT can be composed. Unlike traditional NFTs, which are standalone assets, composable NFTs can draw from a wide range of media types, including images, audio, video, and even mixed-media. The catalog’s type indicates the final output format when an NFT is rendered, allowing for diverse and dynamic visual representations.

Equippable Parts: Enhancing Customization

Parts within a catalog can be categorized into two types: slot types and fixed types. Slot types are intended for “equippables,” which are NFT collections that can be equipped into these slots. Equippables enable NFT owners to personalize and customize their tokens by adding or removing parts directly in the design. On the other hand, fixed types are full components with their metadata, providing additional flexibility and creative options for NFT creators.

Potential Use Cases

1. Digital Art: ERC-6220 opens up new avenues for artists to create interactive digital art. Collectors can now personalize art pieces by equipping or removing parts directly within the artwork’s design. This level of customization enhances the engagement and ownership experience for art enthusiasts.

2. Dynamic Content: Content creators can leverage ERC-6220 to develop uniquely tailored digital experiences. Users can customize multimedia content by equipping various categories of media, such as audio tracks, video filters, or subtitles. This dynamic content creation empowers creators to deliver personalized and immersive experiences to their audience.

3. Token Progression: ERC-6220 enables NFT owners to showcase their growth and progress over time. As users achieve milestones, they can equip their tokens with new parts, representing their achievements. For instance, gamers can equip gears as they progress through a game, while academic institutions can use “equippable” NFTs to track and represent academic accomplishments.

4. Provable Digital Scarcity: One of the challenges in the NFT space is ensuring true scarcity. While most NFTs claim to be scarce, the visual representation is often a client-side mechanic, limiting their authenticity. ERC-6220 tackles this issue by enforcing that if an item is equipped on an NFT, it cannot be equipped on another, thus ensuring provable digital scarcity.

Apps for developers and creators:

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https://evm.rmrk.app/

Conclusion

ERC-6220 is a significant advancement in the world of NFTs, offering a new level of customization, interactivity, and provable digital scarcity. By extending the ERC-721 standard, this token standard enables the creation of composable NFTs, revolutionizing various industries such as art, gaming, and collectibles. With catalogs and equippable parts, NFT creators can unleash their creativity and offer unique experiences to collectors and users. As the NFT ecosystem continues to evolve, ERC-6220 paves the way for a more immersive and personalized future.

#NFT #NFTGame #ERC6220 #RMRK #Ethereum #Moonbeam #ModularNFT

Bruno Škvorc (@Swader), Cicada (@CicadaNCR), Steven Pineda (@steven2308), Stevan Bogosavljevic (@stevyhacker), Jan Turk (@ThunderDeliverer), "ERC-7401: Parent-Governed Non-Fungible Tokens Nesting

https://eips.ethereum.org/EIPS/eip-7401

https://www.rmrk.app/

https://docs.rmrk.app/

Introduction

The world of non-fungible tokens (NFTs) has been rapidly evolving, pushing the boundaries of what is possible within the blockchain space. ERC-721, the standard for NFTs, has revolutionized the way we think about digital ownership. However, with the introduction of ERC-6059(7401), a new concept emerges — the parent-governed nestable NFT.

What is ERC-6059(7401)?

ERC-7401 is a proposed Ethereum Improvement Proposal (EIP) that introduces the concept of one NFT owning another NFT, without the need for an externally owned account (EOA) or a smart contract. This standard extends the basic NFT standard to allow for nesting and a parent-child relationship between NFTs. In simpler terms, an NFT can own and manage other NFTs, creating a hierarchy of tokens.

Parent and Child Tokens

In the context of ERC-6059(7401), we define two key terms: parent tokens and child tokens. A parent token is an NFT that owns another NFT, while a child token is an NFT that is owned by another NFT. It is important to note that an NFT can be both a parent and a child at the same time, resulting in multiple levels of ownership.

The parent token holds the authority to manage not only the direct child tokens but also their children, extending the control to multiple levels of hierarchy. This hierarchical structure allows for a wide range of possibilities and opens up new avenues for creativity and innovation within the NFT ecosystem.

Potential Use Cases

1. Bundling: One of the most exciting use cases of parent-governed nestable NFTs is bundling. With this feature, it becomes possible to group and sell multiple NFTs together as a single package. This makes it convenient for collectors to buy a set of related NFTs in one transaction, enhancing the overall user experience.

2. Collecting: Organizing NFTs in a collection based on the owner’s preference is another powerful use case. By grouping NFTs from the same artist or theme under a parent token, collectors can easily manage and showcase their collections. This feature adds a new level of customization and organization to the NFT space.

3. Membership: Parent-governed nestable NFTs can also be used to create exclusive memberships to decentralized autonomous organizations (DAOs) or clubs. By owning a specific NFT (parent token), individuals can gain access to additional NFTs (child tokens) that provide special perks or bonuses. This feature can enhance community engagement and incentivize participation within these organizations.

4. Delegation: Another potential use case is the implementation of voting systems or delegation of decision-making power within decentralized organizations. By using nested NFTs as voting tokens or representations of authority, individuals can participate in governance processes and shape the direction of these organizations. This feature promotes decentralization and empowers token holders to have a say in the decision-making process.

   Apps for developers and creators:

   https://wizard.rmrk.dev/

   https://evm.rmrk.app/

   ERC-7401(6059) introduces a groundbreaking concept in the world of NFTs — parent-governed nestable NFTs. This standard allows for the creation of a hierarchy of tokens, where an NFT can own and manage other NFTs. The potential use cases are vast, ranging from bundling and collecting to membership and delegation. As the NFT ecosystem continues to evolve, ERC-6059(7401) provides a powerful tool for developers and creators to explore new possibilities and create innovative experiences for users. With the introduction of parent-governed nestable NFTs, the future of digital ownership looks even more exciting and promising.

   #NFT #ERC6059 #ERC7401 #RMRK

Autors:

https://medium.com/u/fa2a9b2b716e?source=post_page-----a374b496dfe5--------------------------------

https://medium.com/u/d2a78213d246?source=post_page-----a374b496dfe5--------------------------------

, @stoicdev0 , @stevyhacker , @JA_JanTurk and other…

Introduction:Non-Fungible Tokens (NFTs) have gained significant popularity in the Ethereum ecosystem, serving various use cases. However, to enhance their utility and compatibility, the Multi-Asset NFT standard has emerged, enabling the contextual output of information per single NFT. This standard allows for the association of multiple assets with an NFT, offering diverse file formats based on how the token is accessed. In this blog post, we will explore the motivation behind this standard, its benefits, and its potential impact on the NFT landscape.

https://eips.ethereum.org/EIPS/eip-5773?source=post_page-----a374b496dfe5--------------------------------

Motivation:Since the introduction of ERC-721 four years ago, the need for additional functionality within NFTs has become apparent. The Multi-Asset NFT ERC 5773 standard addresses this need by providing greater utility, usability, and forward compatibility. By allowing NFTs to have multiple assets, independent of each other and ordered by priority, this standard opens up new possibilities for NFT evolution.

https://twitter.com/Lenski_X/status/1694775652300263764?s=20

Cross-Metaverse Compatibility:One of the key advantages of the Multi-Asset NFT standard is its cross-metaverse compatibility. As the metaverse continues to evolve, different implementations and frameworks may arise, leading to compatibility issues between various virtual worlds or games. With this standard, an NFT can be associated with additional assets specific to different metaverses or games, expanding its utility and ensuring compatibility across different platforms. For example, a cosmetic item for game A can be appended with assets for game B, creating an ever-evolving NFT of infinite utility.

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https://singular.app/?source=post_page-----a374b496dfe5--------------------------------

Multi-Media Output:The Multi-Asset NFT standard also enables multi-media output, allowing NFTs to adapt to different software and platforms. For instance, an NFT representing an eBook can be displayed as a PDF when loaded into an eBook reader, or as an MP3 when accessed through an audiobook application. This flexibility enhances the user experience and ensures that the NFT can be enjoyed in various formats, depending on the software used.

Media Redundancy:Many NFTs are created without considering best practices, resulting in centralized metadata stored on a server or a hardcoded IPFS gateway. This centralized approach can lead to issues if the server or gateway becomes unavailable. The Multi-Asset NFT standard addresses this concern by allowing the inclusion of redundant assets containing the same metadata but stored on different protocols (e.g., Arweave, Sia, IPFS). By diversifying the storage locations, the resilience of the metadata and its referenced information is significantly increased, reducing the risk of data loss due to protocol failures.

Conclusion:The Multi-Asset NFT standard represents a significant advancement in the world of NFTs, offering context-dependent output of information through the association of multiple assets. This standard enhances cross-metaverse compatibility, enables multi-media output, and improves the resilience of metadata through redundancy. As NFTs continue to evolve and find applications in various industries, the Multi-Asset NFT standard provides a standardized framework for greater utility, usability, and forward compatibility. By embracing this standard, developers and creators can unlock new possibilities and create NFTs with infinite potential.

Apps for developers and creators:

https://evm.rmrk.app/?source=post_page-----a374b496dfe5--------------------------------

https://evm.rmrk.app/?source=post_page-----be0bec0adcf3--------------------------------

https://www.youtube.com/watch?time_continue=58&v=dQgXJuL2vxE&embeds_widget_referrer=https%3A%2F%2Fmedium.com%2F&embeds_referring_euri=https%3A%2F%2Fcdn.embedly.com%2F&embeds_referring_origin=https%3A%2F%2Fcdn.embedly.com&source_ve_path=Mjg2NjY&feature=emb_logo

#Ethereum #Moonbeam #Polygon #Base #EVM #ERC5773 #RMRK #Blockchain