-
Launched on Celo is a new dynamic non-fungible tokens (NFTs) alpha that keeps track of and validates cross-chain impact contributions. These goal-driven NFTs make use of the ERC721K architecture to provide user-friendly experiences through “impact quests,” such as taking part in on-chain donations to impactMarket, a mechanism for eradicating poverty, or Gitcoin grants.
ERC721K is a ground-breaking technological innovation that combines dynamic on-chain images and metadata to create a Web3 credential through a unified proof-of-impact track record, whereas ERC-721 is a free, open standard that is frequently used to build non-fungible or unique tokens on Ethereum and EVM-compatible blockchains.
Builders can create, generate, and evolve NFTs using composable Scalable Vector Graphics (SVG) and real-time data streams with the help of ERC721K, creating collectibles that can respond to their surroundings. These self-contained “evolving” on-chain NFTs have dynamic, adjustable qualities that allow users to gain “experience points” by engaging with the larger Web3 realm.
Chief architect of Impact Cards, instigator of ERC271K, and founder of Friends of Pooly, Kames Geraghty, said: CTO. “We can engage directly with people who are already making a difference because to the Celo ecosystem’s commitment to innovation and mission-driven entrepreneurs and builders,” says the founder of Celo.
Other of his NFT projects that influence Celo include Ariswap, his mobile-first NFT marketplace. Ariswap actively creates educational and community NFT programs in Africa and his LATAM through art. Cyber box is his NFT marketplace with his ReFi integrations such as on-chain carbon offsets.
Masha Healy, Celo Foundation Grant Operations Lead, said: “This breakthrough technology, with plans to track posts off-chain, will allow ReFi creators and projects to better segment user data and product feedback while increasing user stickiness and composability. improve it so we can offer our users a unique and unparalleled experience.”