ERC-6956: Asset-Bound NFTs

ERC-6956, also known as asset-bound NFTs,  is a proposed token standard for anchoring a token 1:1 to a physical or digital asset. The standard aims to create a connection between the real world and blockchain, allowing for the tokenization of various assets such as physical collectibles, machine parts, digital assets or even abstract assets like club memberships.

In simpler terms, ERC-6956 is an extension of the popular ERC-721 NFT standard, with the added feature of oracle-based authorization, ensuring that token transfers are authenticated by verifying the control over the underlying asset. #crypto2023 #NFT #Dan_Ngo $BNB $ETH $BTC