The next big step in NFTs and on-chain development will be the EIP 3664 module. This new token standard allows NFTs to be broken into a system with users able to sell individual components or purchase parts from others for creating new ones.
The ability to utilize digital assets in different ways that you can not do currently on any other platform can be a groundbreaking development. This EIP 3664 set is the way to make the next era of NFT Standards.
Let us look at EIP 3664 which transforms NFT assets usage to the next level.
What is EIP 3664?
EIP 3664 is a new standard that allows NFTs to be modular and allows players to sell or purchase components. This EIP 3664 is the next-gen layer for developing NFT and for on-chain development with functional improvements for previous 1155 and 721 standards. The main advancement of EIP 3664 is its disassembly and assembly features. The inherent capability to separate & assemble anything of this standard EIP 3664 allows anyone to create an unlimited combination of all NFTs.
Any number of users can use EIP 3664 for creating an infinite number of various products with no repetition of works. This customization level paves way for the extendability of metaverse ecosystems and NFTs.
The most significant features of EIP 3664 are
Combinable
Separable
Modifiable properties
Customization
Reusable and more.
The essential attribute functions implemented by EIP 3664 involves:
Upgradability
Addibility
Removability
DeConstructability
Combinability and
Reusability.
The D'Republic implemented this EIP 3664 standards and created the world's first combinable NFT platform, MetaCore.
Specialties of EIP-3664 in NFT Space
EIP 3664 is the first-ever platform-level ERC which delivers on its promise but also draws upon the community-based fanfictions, the creativity of modding, and also open source communities and formalizes each of them into a highly transparent operating system.
This EIP 3664 represents a new form of ownership that transforms and revolutionizes the way we interact with digital objects. With EIP 3664 ownership no longer being a frozen state.
The infinite customization of EIP 3664 can be applied for any virtual goods on various mediums that include video games, art projects, social media apps, and more implying true cross-functional compatibility.
The flexibility of this EIP 3664 architecture offers limitless possibilities for the expansion of NFT Features.
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The popularity of cryptocurrency is unending these days.
A few years ago, only technicians were aware of its practical benefits.
Nowadays most people are aware of this tremendous technology and wish to invest in cryptocurrencies.The day would come soon when the market cap of the crypto market will outperform the entire market cap of various eminent banks in the world.
According to various reports published from time to time, it has been pronounced that cryptocurrency has an unbeatable potential to navigate the whole digital market.
The cryptocurrency exchange like WazirX is expanding globally and it offers over 40 cryptocurrencies available for trading in all the major countries.
WazirX launched a P2P trading platform that allows traders to buy and sell crypto directly from each other.
NFT Platform like Rarible clone is an exclusive platform to buy, sell, exchange, bid, and create digital collectibles and NFT tokens.
Rarible clone Platform is used to develop and launch a community-owned marketplace like Rarible for NFT’s.
The token holders can gain exclusive ownership rights in the NFT platform after purchasing their tokens from the marketplace.
The integrated digital wallet in the NFT platform allows the users to display their NFTs and sell it in the future.
Investors can contact the world’s leading Infinite Block Tech to gain proper assistance in developing a featured NFT platform with high-end features cost-effectively.
Learn more about NFT here.
