EIP-4906 proposed by Double Protocol is supported by Opensea
On March 12, the EIP-4906 proposed by the NFT leasing platform Double Protocol is now supported by Opensea. It is reported that the standard adds metadata events to ERC-721, allowing third parties to update their dynamic NFT metadata in a timely manner.
Interpretation of this information:
The message discusses the EIP-4906 proposal introduced by Double Protocol, a Non-Fungible Token (NFT) leasing platform. The proposal is aimed at making NFT metadata more dynamic by adding metadata events to ERC-721, which would enable third parties to update metadata in real-time. The proposal has been supported by Opensea, which is a digital marketplace for buying and selling NFTs.
NFTs have gained a lot of popularity in recent years, with digital assets like art, music, and even tweets being sold for millions of dollars as NFTs. However, NFTs are often criticized for their lack of interactivity and dynamic nature. Traditional art pieces can be updated or restored, but NFTs are static and unchangeable once they are minted on the blockchain. The EIP-4906 proposal aims to address this issue by making NFT metadata dynamic and updatable in real-time.
The proposed standard adds metadata events to ERC-721, which is a widely used standard for NFTs. These metadata events allow third parties to update metadata associated with the NFTs. For instance, an artist could update the metadata associated with their NFT artwork to include details about the inspiration behind the artwork or the process of creating it. Similarly, a musician could add metadata to their NFT music tracks to provide more information about the lyrics or the production process.
Opensea, which is one of the leading NFT marketplaces, has shown support for the proposal. This is a significant move as Opensea’s support can help to drive adoption of the new standard. Moreover, it is likely that other NFT marketplaces will follow suit and support the EIP-4906 proposal, which could help to make NFTs more dynamic and interactive for collectors.
In summary, the EIP-4906 proposal introduced by Double Protocol aims to make NFT metadata more dynamic by adding metadata events to ERC-721. The proposal has been supported by Opensea, which is a digital marketplace for NFTs. The addition of metadata events would enable third parties to update metadata associated with NFTs in real-time, which could help to make NFTs more interactive and dynamic –
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