Plain Language Analysis of ERC-7160: What is the new project Perils of Sēsē by BAYC artists all about?
A brand new NFT standard has emerged during the bear market. What new gameplay will be launched soon?Author: @jzinvest_xyz
What is BAYC artist @allseeingseneca's new project Perils of Sēsē really about? How is it different from other NFT projects in the past?
1/ Why you must read this tweet. Looking back at the past NFT market, whenever a new NFT project adopting a novel token standard succeeds, this ERC will inevitably spark a wave of excitement. Even if you miss out on the first one, subsequent projects using the same standard are likely to become hot topics.
2/ Three key features of ERC-7160. ERC-7160 is an extension of the most common NFT standard, ERC-721, sharing similar characteristics but differing in the following three new functionalities:
- Multiple Metadata
- Pinning selected metadata
- Creators can continuously add content
3/ Multiple Metadata. All characteristics of an NFT, including name, ID, rarity, image, etc., are defined by Metadata. In previous token standards, an NFT could only have one Metadata. ERC-7160 allows an NFT to have multiple Metadata, showcasing various appearances and features.
4/ Pinning selected Metadata. Among multiple Metadata, holders can choose to pin their favorite ones, allowing the NFT to display the features they prefer. They can also change the pinned options at any time.
5/ Creators can continuously add content. After the public sale is completed, artists can still add new content to the Metadata. Holders can keep both the new and original content and use the pinning feature to showcase the version they want.
6/ With these features, artists can continuously evolve and layer the creation of a single NFT series, and the relationship with Holders is no longer just a one-time transaction. A new NFT standard has emerged during the bear market; what new gameplay will be launched soon? It's quite exciting, and I think this mechanism is quite fun. What do NFT influencers think? ?
Some related comments:
From @0xWatell: The art and narrative are quite good; I really like Seneca's artistic style. However, what confuses me is that the homogeneity between each NFT artwork is quite high, and I currently don't know how the "changing over time" process will work in the future. I have high expectations, but I felt a bit disappointed when I saw the images.
