ERC-6059: NFTs with parental control and nesting

Most of the projects still rely on ERC-721 and ERC-1155, while ERC-6059 offers some of the best features for specific use cases. Let's understand!

ERC-6059 standard marks a significant step in the NFT 2.0 trend. ERC-6059 focuses on empowering one NFT to oversee another NFT independently, without needing permission from an external account or a smart contract.

This advancement encourages the development of nesting capabilities among NFTs, establishing a parent-child dynamic within the NFT ecosystem. This means NFTs can now be organized like families, with some being in charge of others. It's like building a family tree but with digital tokens instead of people.

There are numerous use cases of ERC-6059, few like:

1. Collectibles and games:Imagine you have a super-special card in a game called “Dragon Quest.” This card is called the “Big Dragon.” Now, this card doesn’t just sit there. It can also collect other cards, like a warrior card, a wizard card, and a treasure card. Each card helps you in the game. The Big Dragon card decides which cards to use or trade with your friends
2. Virtual house in-game:Imagine you own a digital house in a game called “Virtual Town.” Inside this house, you have all sorts of stuff, like a couch, a table, and a lamp. You can move these things around however you like. You can even invite your friends over to hang out or rent out parts of your house for parties, of course in-game only :-)
3. Supply chain tracking:Each product in a supply chain could be represented by an NFT, with parent NFTs representing batches or shipments. This allows for easy tracking of product origins, authenticity, and movement throughout the supply chain.

In short ERC-6059 standard marks a significant step in the NFT 2.0 trend.

#ethereum #Blockchain #NFT #Gamifi

Official Link: https://eips.ethereum.org/EIPS/eip-6059