OpenSea announces the Redeemable NFT open standard, what are the interesting details?
Original author:WaTell(Twitter: @0x Watell)
Odaily Editors Note: According to official news, OpenSea recently stated that it will release two Ethereum comment requests (ERC-7496 and ERC-7498) and two Seaport improvement proposals (SIP-14 and SIP-15) to promote the redeemable ecosystem. system development. Over the coming weeks, OpenSea will work with developers and creators and solicit feedback to ensure that the above standards meet the needs of the ecosystem. Its team will launch more product plans based on this standard to support various redeemable NFT use cases.
OpenSea has released public proof-of-concepts to demonstrate this experience, such as Burnie the Flame: allowing you to mint a Baby Burn egg on the OpenSea Drop page, then go to the redemption page to destroy the egg and exchange the egg for Burnie; it will then be rolled out directly to all creators on OpenSea On-chain redeemability support will also expand on-chain redemption standards, making it easier for creators to link items in their collections with off-chain redemption experiences outside of OpenSea, while still tracking the chain through features or destruction. Redemption status on.
Twitter KOL WaTell interpreted OpenSea’s original intention and ingenuity in announcing the “redeemable NFT” open standard. Odaily summarized it as follows:
OpenSea published a new article on its official blog on August 28, detailing some of their future plans for “redeemable NFTs”. In this long tweet, I will briefly explain to you the original intention and ingenuity of OpenSea.
First, we need to clarify the concept of “redeemable NFT”:
Redeemable NFTs have a certain value or utility and can be"redemption"way to receive another on-chain or off-chain item. (It sounds a bit complicated, in human terms - burning certain NFTs to obtain other NFTs or physical items)
At this point you might say:"This is not surprising. Many projects have already used this model, such as CloneX shoes, Invisible Friends dolls, etc."。
Yes, thats right! This is exactly the first focus of this article:
1. Standardization of process
In the past this"Destruction + Redemption"The gameplay is all code writing and environment construction by the NFT project itself. For example, if you want to receive the Air Force 1 jointly launched by RTFKT and Nike, you need to go to RTFKT’s own official website to redeem it. But now it doesn’t have to be so cumbersome. Players can directly go to Complete a series of operations on OpenSeas official website.
Thus, in the future like"Burning Redemption of NFTs"Such a business can be deployed directly on OpenSea without consuming extra time and energy. Even a novice who does not understand code can easily implement it.
In addition, in order to facilitate players understanding and mastery, OpenSea has also released an Experimental NFT - Baby Burn, which everyone can experience on the official website"Burn NFT Redeem NFT"the process of.
In the picture, we can clearly see: 1. Which NFTs can be burned; 2. Which NFTs can be obtained after burning.
about"OpenSeas future plans for redeemable NFTs"The second important point is:
2. Feature Exchange
We all know that if you want to redeem a certain NFT or physical item, you need to completely burn the corresponding NFT, so that you lose the original NFT. But when"feature redemption", players can"Only burn a certain feature/Trait in NFT"to redeem the corresponding items without destroying the original NFT.
This is the change that surprises me the most, it means that project developers will no longer have to"Provide empowerment"And throwing a lot of money into the market"NFT airdrop"。
Will this change the past"Genesis NFT has been diluted in value due to a large number of airdrops"The problem?
The above are the two most attractive points in OpenSeas plan.
In the future, more and more projects may begin to consider combining on-chain NFTs with off-chain commodities. The seamless connection between Web2 and Web3 may become the key to breaking the situation.
