NFT Standards Wiki
  • NFT Standards Wiki READ.me
  • NFT Basics
    • All things NFTs
    • NFT Usecases
    • NFT API
  • NFT License
  • NFT Platforms
  • NFT Metadata
  • NFT Readings
  • NFT Soulbound Tokens
  • NFT Storage
  • Working Group
    • Workflow Basics
    • Events & Discussions
    • Communications
    • Working draft Structure
    • Roadmap
    • Permits NFT Overview
    • New standard suggestions
    • ERC & EIP Related Links
  • Working Group EIPs and Implementations
    • EIP4494 Permits for ERC721
    • EIP 4907 User And Expires Extension
    • ERC Identify NFT Content Type
    • JSON Metadata Standard
    • Permit Singleton
  • Standards
    • ERC721 Non Fungible Standard
    • ERC1155 Multi token
    • ERC725 Smart Contract Based Account
    • ERC721K zero dependencies for off-chain data
    • EIP2981 Royalty Standard
    • EIP5218 NFT Rights Management
    • EIP5606 Multiverse NFT
    • Versatile NFTs
    • EIP165 Standard Interface Detection
    • EIP1046 Metadata extension
    • EIP2309 Consecutive Transfer Extension
    • EIP-4521: 721/20-compatible transfer
    • ERC20 Token Standard
    • EIP3668 Durin Secure offchain data retrieval
    • ERC864 Divisible NFTs
    • ERC998 Composable NFT
    • ERC1633 Re Fungible NFT
    • ERC2477 Token Metadata Integrity
    • ERC2615 NFT with Mortgage and rental functions
  • NFT Standards on L2s
    • Bridging NFTs across layers
    • L2 NFTs
  • Non ETH NFT Standards
    • Ceramics
    • NEAR
    • RMRK
    • Cosmos
    • LUKSO
    • Tron
  • NFT Security
    • ERC-721 Security
    • EIP2612 Signed token approvals
    • Designing secure smart contracts
    • EIP712 Ethereum typed structured data hashing and signing
    • EIP3009 Transfer with Authorization
    • Multisign
    • Permits
    • Salmonella Contract
  • Frontrun bidding
  • Custom NFT platforms add ons
    • Foundation
    • Zora
    • ERC 721A Azuki
    • ERC223 Token Standard
    • Interactive NFTs & Standardising metadata
    • Lazy Minting OpenSea
    • Uniswap v3 NFT
    • OpenSea
  • Music NFTs
    • NFTs Music Overview
    • Music NFT Metadata
    • Music NFT Standards Considerations
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On this page
  • NFTs as:
  • Marketplace for collateralized loans
  • Data Structure
  • Art
  • Auctions
  • Certificates
  1. NFT Basics

NFT Usecases

In the near future, art will be only a segment of NFT usage and may be more common that the NFTs wiill be representing financial assets

NFTs as:

  • Art & collectible

  • NFT DeFi

  • Game asset

  • Metaverse

  • Utility & DAO

Uniswap V3 for example uses NFTs for their liquidity provider positions, on KeeperDAO lending positions are encapsulated as NFTs, and on Alchemist an NFT is used for customer wallets.

Marketplace for collateralized loans

  • Lend NFT

  • Take out a loan in ETH

  • Payback

  • Get your NFT back

https://nftfi.com/

Data Structure

"NFTs themselves aren't the images uploaded to a blockchain. The images can be stored on a decentralized network, or a centralized network. The NFT is just a data structure (token), and links to a metadata file, which in turn may be pinned to an image (or other file type)" - Colin Platt

Controller of the contract that the NFT metadata and token data structure holds can modify the artwork by reuploading it on-chain.

Art

  • NFTs is like autograph from artists

  • NFT is something prominent, unique and exclusive

  • NFT as creative evolution

Auctions

Superfans as LP

  • Community members providing liquidity to the token

  • stake your tokens to be apart of the community

  • LP tokend grands the access to the community, services, exclusive drops, discord server...

Auction

  • At the end of the auction, the highest bid is automatically accepted and the NFT is transferred to the highest bidder’s wallet.

  • The number of tokens minted are based on the USD value of the highest bid.

  • The NFT + 50% of the fungible token supply are transferred to the highest bidder’s wallet.

  • The 50% of ETH received on the collection drop are transferred to the creator’s wallet.

  • A Uniswap pool for the fungible token is created.

  • The smart contract deposits the respective funds into the pool to bootstrap the community’s token liquidity.

Source: https://davidtomu.medium.com/a-co-owned-fan-club-7e5b0aece3a2

Certificates

Example: an on-chain crypto credential earned for solving a single exercise. Non-transferable because it can’t be sold. Fungible because all did the same exercise.

Source: https://twitter.com/balajis/status/1403354268971634689?s=20

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Last updated 1 month ago