Executive Summary: What Is NFT 2.0? New NFT Token Standards on the Horizon
In this article, I explore several emerging Ethereum token standards like ERC-6956, ERC-5773, ERC-6059, ERC-6220, ERC-6381, and ERC-6454.
Summary: Several new Ethereum token standards for NFTs aim to enhance utility and interoperability, enabling use cases like asset binding, context-dependent outputs, nesting, composability, emojis, and transfer restrictions.
ERC-6956 (Asset-Bound NFTs):
- Anchors token 1:1 to a real-world asset via oracle verification
- Use cases: tokenize physical/digital assets like art, machine parts, collectibles
ERC-5773 (Context-Dependent Multi-Asset Tokens):
- NFT displays different asset depending on context
- Use cases: cross-metaverse assets, multimedia redundancy, evolvable NFTs
ERC-6059 (Parent-Governed Nestable NFT):
- NFT can own other NFTs in parent-child hierarchy
- Use cases: bundling, collecting, memberships, voting
ERC-6220 (Composable NFTs):
- NFTs can be customized by adding/removing parts
- Use cases: customizable art, dynamic content, token progression
ERC-6381 (Unicode Emojis):
- Allows interacting with NFTs via emojis
- Use cases: interactivity, feedback, valuation
ERC-6454 (Minimal Transferable NFT Detection):
- Enables creation of non-transferable NFTs
- Use cases: verifiable attribution, immutable properties, reputational avatars
Full article:
What Is NFT 2.0? New NFT Token Standards on the Horizon | CoinMarketCap
Explore new token standards for NFTs and its potential uses cases in bringing more utility to the current NFT market.
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