ERC-6672
As proud members of the Redeem Protocol community, we have developed ERC-6672, the cutting-edge multi-redeemable NFT standard that is propelling the future of the space.
The World's First In-Real-Life Data-Driven NFT Standard
ERC-6672🔗, the cutting-edge multi-redeemable NFT standard, takes data exchange to a whole new level. It serves as a powerful data carrier, revolutionizing the way we interact with digital assets.
Bridging the Gap Between Physical and Digital Worlds
Compared to traditional NFTs that primarily capture on-chain data, ERC-6672 breaks boundaries by aggregating valuable information from both on-chain and real-life interactions. This innovative approach unlocks a deeper understanding of user interactions, environmental factors, usage patterns, and more, enabling stakeholders to make informed decisions and unlock new opportunities within the digital landscape.
Empowering Businesses and Individuals with Comprehensive Behavioral Data
As a data carrier, ERC-6672 empowers businesses and individuals to capture and transfer a comprehensive range of behavioral data associated with real-world assets. From user interactions to environmental context, ERC-6672 captures the essence of real-life experiences, providing valuable insights and enhancing decision-making processes.
Frequently Asked Questions
What is multi-redeemable NFT?
The multi-redeemable NFT is an extension of the ERC-721 standard that allows an NFT to be redeemed in multiple scenarios across multiple environments, while maintaining a record of its redemption status on the NFT smart contract.
How do I use multi-redeemable NFT?
ERC-6672 is an open-source standard that can be utilized by any project. We also collaborate with partners to provide tools that significantly simplify the process of launching a multi-redeemable NFT collection or expanding existing ERC-721 NFT collections.
How does ERC-6672 differ from other redeemable NFTs?
Unlike previous standards, ERC-6672 introduces a standardized way to record redemption status directly on the NFT smart contract. This eliminates the need for off-chain systems or separate on-chain contracts, offering flexibility beyond one-time use.
Why is ERC-6672 valuable?
ERC-6672's value lies in its ability to record commerce properties of the token, such as redemption status. It provides transparency for potential buyers, enabling them to understand the status of an NFT and make informed purchasing decisions.
What are some core applications for ERC-6672?
ERC-6672 is designed for various redemption scenarios, whether they involve physical or digital utilities. Some popular use cases include ticketing, in-real-life (IRL) experience passes, physical goods redemption, and promotions such as discount code redemption.
