What is ERC-7829
ERC-7829, titled "Data Asset NFT,"
What is ERC-7829?
ERC-7829, titled "Data Asset NFT," is a proposed Ethereum token standard that extends the existing ERC-721 non-fungible token (NFT) standard. It is designed to represent data assets as NFTs, enabling more structured and secure management of digital data on the blockchain.
Key Features:
Backward Compatibility: ERC-7829 builds upon and remains compatible with the ERC-721 standard, ensuring interoperability with existing NFT infrastructures.
Integration with Modular Data Layers: The standard emphasizes the importance of integrating with modular data layers (DA) to ensure the security and accessibility of data assets, especially in untrusted environments.
Enhanced Data Representation: By representing data assets as NFTs, ERC-7829 facilitates better tracking, ownership, and transfer of digital data, aligning with the principles of decentralized data management.
ERC-7829 aims to provide a standardized approach to handling data assets on the Ethereum blockchain, promoting secure and efficient data management practices within decentralized applications.
To learn more about this Ethereum Improvement Proposal EIP-7829, please read : https://eips.ethereum.org/EIPS/eip-7829
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