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The YOYOW Foundation Releases the Official NFT Protocol Standard, Actively Deploying and Cultivating the NFT Ecology
Non-Fungible Tokens (NFT) are widely used in blockchain digital art, collectibles, game items, virtual pets, domain names and other fields, and are the cornerstone of blockchain digital assets.
“Fungible” means that there is no difference between things. And “non-fungible” indicates the uniqueness and particularity of things. Therefore, Non-Fungible Tokens (NFT) are unique, and each NFT is unique and indivisible. Therefore, NFT is particularly suitable for digital collectibles and gaming applications. For example, cards in card games can be represented by non-fungible tokens, and each of these tokens is unique.
Smart contracts bring programmable smart tokens to the blockchain. Similarly, smart contracts can also give NFT programmable attributes. The combination with smart contracts can bring various advanced interactions and operations to NFT, and bring unlimited possibilities for the application of NFT.
YOYOW 3.0 will have a built-in YOYOW VM (Virtual Machine) to support smart contracts and smart content tokens. Now, the YOYOW NFT protocol standard issued by the YOYOW Foundation allows developers to easily create unique programmable digital assets on the YOYOW blockchain. Meanwhile, using YOYOW’s content incentive mechanism, content incentives can also be brought into NFT.
The YOYOW NFT protocol standard includes various standard features such as issuance, casting, destruction, and transfer. It sets a general framework standard for the NFT on the YOYOW blockchain to simplify the development difficulty. Developers can construct NFTs with different features based on this protocol standard. Because this standard is a unified standard, it not only enhances the liquidity of NFT, but also provides conditions for the circulation and reuse of NFT in different projects.
The Github address of YOYOW NFT protocol standard: https://github.com/yoyow-org/YOYOW.NFT
YOYOW, an acronym of “You Own Your Own Words”，is a content value network based ...
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