Mint Blockchain, an Ethereum-based second-layer network focused on NFTs, has submitted a new proposal for an NFT asset protocol standard to the Ethereum Foundation. The proposal has been assigned the official number ERC7765.

Objectives of the Proposal

  • Code Specifications: Establish clear coding standards for the issuance of Real World Asset (RWA) NFTs.

  • Industry Standards: Set benchmarks for the NFT market, promoting consistency and reliability in RWA asset issuance.

  • Large-Scale Adoption: Facilitate the widespread use and application of RWA assets in various industries.

This initiative aims to enhance the functionality and interoperability of NFTs, paving the way for their broader acceptance and integration into the digital economy.

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