EIP-3664 Modularity Primer: The Next Standard for NFTs
The next step in NFTs and on-chain development is EIP-3664 modularity. This new token standard will allow NFTs to be broken down into a modular system, with users being able to sell individual components or purchase parts from other users to create new ones.
EIP-3664 is a new standard that will allow NFTs to be modular and have players purchase or sell components. This allows for creating different combinations from one single item, giving more flexibility in how they are played with. The ability to play with your digital assets in ways you can’t currently do on any other platform makes this a groundbreaking development.
The groundbreaking EIP-3664 is laying the foundation for the next era of NFT standards. Its inherent capacity to separate and assemble anything allows for an unlimited combination of all NFTs. DRepublic has now implemented it and released the world’s first combinable NFT Platform, MetaCore.
EIP-3664 has implemented these essential attribute functions: upgradability, modifiability, addibility, removability, deconstructability, and combinability.
Got it. But what the f**k does it mean?
The result of EIP-3664 modularity is that it becomes possible for players to create an infinite number of different products without repeating work. It also represents a giant leap forward in customization and the extendability of metaverse ecosystems and assets. This is the future of next-generation on-chain technology.
Beyond the community aspects of the protocol, EIP-3664 hints at an incredibly prosperous future for on-chain creatives, who will have the ability to remix work and draw on the rich tapestry of ETH builds as a palette for their own research, design, and development. It may also lead to a new era of cross-chain collaboration, as different projects can bring their ideas and art together for even more innovative uses.
EIP-3664 is the first platform-level ERC to deliver on its promise, but it draws upon the community-based pooled creativity of modding, fanfiction, and open source communities, formalizing them into a transparent operating system.
It also represents a new form of ownership that will revolutionize how we interact with digital objects, with ownership no longer being a frozen state. Infinite customization through modularity applicable to any virtual good across all mediums, including video games, social media apps, art projects, and more, implies true cross-functional compatibility with formats, worlds, and ecosystems.
Imagine being able to customize your avatar on a virtual reality game without having to purchase another; imagine being able to increase the value of a digital asset by imprinting your own unique visual style onto it.
NFTs will cease to be static objects on the blockchain through a developed ability to evolve, alter and mold themselves as application-based “organisms.” The flexibility of this versatile architecture provides limitless possibilities for expanding NFT features. NFTs will cease to be static objects on the blockchain and can now come alive in one’s hand. They will react to external stimuli, have dynamic behaviors and unique features, all without compromising security.
In their own right, smart contracts may be reused as building blocks to create an infinite number of new use cases for blockchain technology that goes beyond the theoretical.
- World’s first combinable NFT: EIP-3664 and MetaCore
- How to Unshackle from the Standards of Old and Ignite the NFT World
- Cradles | Prehistoric Metaverse
Joan Westenberg is an award-winning Australian contemporary writer, angel investor, communicator and creative director. She is the founder of branding and PR firm Studio Self. Her approach to messaging, communication and semiotics has built her reputation as a writer, and she has been named as one of the leading startup voices in Australia by SmartCompany.
Her writing has appeared in The SF Chronicle, Wired, The AFR, The Observer, ABC, Junkee, SBS, Crikey and over 40+ publications. Her regular work can be found on Pizza Party, a blog about creativity, culture and technology. Joan is the creator of Transgenderinclusion.com, an open-source workplace inclusion hack.