Workflow Basics

How this group is going to work, milestones, roles, definitions of the workflow

Motivation

The initiative came out of watching the NFT space grow and evolve. Initially, Jamie Pitts suggested improving the NFT standard as it is like "Swiss cheese" 🧀 full of vulnerabilities. Later, Anett started researching the NFT Standards and found out that there was tons of room for improvement. On behalf of Ethereum Magicians, we are aiming to improve and possibly replace the ERC721 standard with a new, improved standard.

What we want to accomplish

Create a new NFT standard that will be used on the Ethereum network and possibly on the other chains

Goals

  • add security to ERC1155, as many items can be stolen at once

  • each of the platforms has ERC1155, so the users can move their token to another platform. take the NFT, then move it to another place without a single move of the NFT contract

  • what type of NFT we are talking about - artwork/game item / financial item like real estate contract or license

  • requirements for the transfer

  • license like every code has a license, every art will have a license for the image. The image has, who is the author of the artwork and so on

  • multisig for security control of the NFT

  • multichain for L2

  • if the NFT can be created on other chains

  • make projects listen to us and coordinate the standards

  • Prototypes and tests for validity so the standard will be implemented faster

  • we need NFT core devs - people who approve the standard, tell us that it is legit, NFT core group

  • Cat herder for the nft core devs

  • Expand on the basic features of ERC72!

People involved

Anett Rolikova has the authorship on this NFT Wiki & head of facilitation

Get involved

Chime into the Telegram group, introduce yourself, check out the chat's history, and get involved.

  • Telegram WG Channel: https://t.me/joinchat/rqMTOh0kSO1kMGM0

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