Add ERC: Extended Multiphase Fractional NFTs #344

JEflyer · 2024-03-25T02:08:45Z

When opening a pull request to submit a new EIP, please use the suggested template: https://github.com/ethereum/EIPs/blob/master/eip-template.md

We have a GitHub bot that automatically merges some PRs. It will merge yours immediately if certain criteria are met:

The PR edits only existing draft PRs.
The build passes.
Your GitHub username or email address is listed in the 'author' header of all affected PRs, inside .
If matching on email address, the email address is the one publicly listed on your GitHub profile.

eip-review-bot · 2024-03-25T02:09:08Z

File `ERCS/erc-7661.md`

Requires 1 more reviewers from @axic, @g11tech, @SamWilsn, @xinbenlv

github-actions · 2024-03-25T03:17:58Z

The commit 469057e (as a parent of 38751ef) contains errors.
Please inspect the Run Summary for details.

abcoathup · 2024-03-27T03:30:07Z

ERCS/erc-9988.md

@@ -0,0 +1,71 @@
+---
+eip: 9988


Suggested change

eip: 9988

eip: 7661

Assigning next sequential EIP/ERC/RIP number.
Numbering changed to sequential from 7500.

Please also update the filename.

I've already bought the domain name & hosted the website though.

I've already been posting about it aswell. I don't get why I have to change it when there are randomly chosen EIP numbers.

abcoathup · 2024-03-27T03:31:12Z

ERCS/erc-9988.md

+title: Extended Multiphase Fractional NFTs
+description: Allows for ERC-721 tokens to be broken into multiple phases of fungible tokens
+author: Jonathan Else (@JEflyer)
+discussions-to: https://ethereum-magicians.org/t/erc-9988-xmf-nfts-extended-multiphase-fractional-nfts/19346


Suggested change

discussions-to: https://ethereum-magicians.org/t/erc-9988-xmf-nfts-extended-multiphase-fractional-nfts/19346

discussions-to: https://ethereum-magicians.org/t/erc-7661-xmf-nfts-extended-multiphase-fractional-nfts/19346

SamWilsn

EIP numbers are assigned (roughly) sequentially. You cannot request specific ones.

ERCS/erc-7661.md

SamWilsn · 2024-05-29T23:56:12Z

ERCS/erc-7661.md

+An extension of the [ERC-721 standard](./eip-721.md) to enable [ERC-721](./eip-721.md) tokens to have multiple phases of fractionalisation into [ERC-20](./eip-20.md) like tokens.
+
+This standard introduces a framework allowing [ERC-721](./eip-721.md) Non-Fungible Tokens (NFTs) to be broken down into phase-based tokens (PB Tokens) representing fractional ownership or states at various lifecycle phases. Unlike standard [ERC-20](./eip-20.md) tokens, PB Tokens  accommodate the multifaceted nature of asset transformation, encapsulating phase transitions that reflect changes in the underlying asset's state, form, or value.


It'd be nice if your abstract included a bit more detail on how your proposal accomplishes its goals. Are PB tokens ERC-20s themselves, or are they a new thing? What are phases?

The Abstract should give the reader a high-level technical overview of the whole proposal.

If you read the contracts you can see the implementation. https://github.com/JEflyer/ERC9988/blob/main/contracts/ERC9988.sol

They are a new type of token, because of the multiphase aspect of the standard they can't be ERC20 because they don't adhere to the interface requirements of ERC20.

This is my first standard I've made, what would you recommend that I put for this standard?

I'm only lightly familiar with tokens, and am here to provide mostly editorial feedback 😅 Maybe you could include some examples of what a "phase" might be, and explain in what scenarios your standard is more useful than say ERC-7651 or ERC-4675.

To be clear, these are suggestions for content to be added to the document itself.

SamWilsn · 2024-05-29T23:56:42Z

ERCS/erc-7661.md

+
+## Motivation
+
+In industries involving supply chains or assets undergoing various forms of processing, a singular representation (as either a fungible or non-fungible token) falls short of depicting the asset's evolving nature. This standard addresses this gap by enabling dynamic representation and management of assets throughout their transformation phases, enhancing tracking and interaction with these assets on the blockchain.


Could you include some example use cases or assets that you think would be particularly suited to being represented as PB tokens?

The best usecase that I could think of was a pallet of 1 item that break down into boxes of items & then individual items.

I put an example on the explainer website. https://www.erc9988.info/

If you don't have a particular use case you're building towards, perhaps it's a bit early to standardize?

SamWilsn · 2024-05-29T23:59:19Z

ERCS/erc-7661.md

+- PB Tokens are associated with an ERC-721 NFT, representing fractional ownership or specific attributes of the NFT in a given phase.
+- Each PB Token phase reflects a distinct state or condition of the underlying asset, with the contract managing transitions between these phases.


These aren't really implementable requirements, or at least they aren't phrased as such. Content in the specification section should have specific criteria that implementations can be judged against.

SamWilsn · 2024-05-30T00:01:15Z

ERCS/erc-7661.md

+
+## Rationale
+
+Introducing this standard fills a critical niche, blending the characteristics of ERC-721 and ERC-20 tokens to accurately represent dynamic assets. This standard is particularly suited for applications requiring detailed asset management through various phases of transformation.


This content belongs in the Motivation section. The Rationale section is here so you can explain why you made the choices you did while developing your standard. My favourite analogy is:

Motivation: We need to build a shed because...
Rationale: We painted the shed red because...

SamWilsn · 2024-05-30T00:01:46Z

ERCS/erc-7661.md

+
+## Reference Implementation
+
+An implementation can be found here: `https://github.com/JEflyer/ERC9988`


Please remove this external link. You can include a reference implementation in the assets/ directory if you'd like.

Co-authored-by: Sam Wilson <57262657+SamWilsn@users.noreply.github.com>

github-actions · 2025-02-08T00:02:14Z

There has been no activity on this issue for six months. It will be closed in 7 days if there is no new activity. If you would like to move this PR forward, please respond to any outstanding feedback or add a comment indicating that you have addressed all required feedback and are ready for a review.

Create ERC9988

a58c191

JEflyer requested a review from eip-review-bot as a code owner March 25, 2024 02:08

eip-review-bot added the e-consensus label Mar 25, 2024

Rename ERC9988 to erc-9988.md

b339ce5

eip-review-bot added the e-review label Mar 25, 2024

JEflyer added 6 commits March 25, 2024 02:18

Update erc-9988.md

3c9e6ef

Update erc-9988.md

7cba32e

Update erc-9988.md

6f88253

Update erc-9988.md

6e86fa9

Update erc-9988.md

416ef05

Update erc-9988.md

4c2822f

github-actions bot added c-new s-draft t-erc w-ci labels Mar 25, 2024

Update erc-9988.md

0da34c5

eip-review-bot changed the title ~~Create ERC9988~~ Add ERC: Extended Multiphase Fractional NFTs Mar 25, 2024

github-actions bot removed the w-ci label Mar 25, 2024

Update erc-9988.md

502e7b5

github-actions bot added the w-ci label Mar 25, 2024

JEflyer added 2 commits March 25, 2024 02:58

Update erc-9988.md

1293b79

Update erc-9988.md

6a4828f

github-actions bot added w-ci and removed w-ci labels Mar 25, 2024

Update erc-9988.md

469057e

JEflyer added 2 commits March 25, 2024 03:33

Update erc-9988.md

4733723

Update erc-9988.md

c700a3d

github-actions bot removed the w-ci label Mar 25, 2024

JEflyer added 2 commits March 25, 2024 03:36

Update erc-9988.md

fe47ce4

Merge branch 'master' into patch-3

d82b1e7

abcoathup reviewed Mar 27, 2024

View reviewed changes

Update and rename erc-9988.md to erc-7661.md

ca29c43

SamWilsn reviewed May 30, 2024

View reviewed changes

Update ERCS/erc-7661.md

33a6d4f

Co-authored-by: Sam Wilson <57262657+SamWilsn@users.noreply.github.com>

github-actions bot added the w-stale label Feb 8, 2025

Provide feedback

Saved searches

Use saved searches to filter your results more quickly

Add ERC: Extended Multiphase Fractional NFTs #344

Add ERC: Extended Multiphase Fractional NFTs #344

JEflyer commented Mar 25, 2024

eip-review-bot commented Mar 25, 2024 •

edited

Loading

github-actions bot commented Mar 25, 2024

abcoathup Mar 27, 2024

JEflyer Mar 28, 2024

JEflyer Mar 28, 2024

abcoathup Mar 27, 2024

SamWilsn left a comment

SamWilsn May 29, 2024

JEflyer Jun 5, 2024

SamWilsn Aug 8, 2024

SamWilsn May 29, 2024

JEflyer Jun 5, 2024

SamWilsn Aug 8, 2024

SamWilsn May 29, 2024

SamWilsn May 30, 2024

SamWilsn May 30, 2024

github-actions bot commented Feb 8, 2025

	discussions-to: https://ethereum-magicians.org/t/erc-9988-xmf-nfts-extended-multiphase-fractional-nfts/19346
	discussions-to: https://ethereum-magicians.org/t/erc-7661-xmf-nfts-extended-multiphase-fractional-nfts/19346

		An extension of the [ERC-721 standard](./eip-721.md) to enable [ERC-721](./eip-721.md) tokens to have multiple phases of fractionalisation into [ERC-20](./eip-20.md) like tokens.

		This standard introduces a framework allowing [ERC-721](./eip-721.md) Non-Fungible Tokens (NFTs) to be broken down into phase-based tokens (PB Tokens) representing fractional ownership or states at various lifecycle phases. Unlike standard [ERC-20](./eip-20.md) tokens, PB Tokens accommodate the multifaceted nature of asset transformation, encapsulating phase transitions that reflect changes in the underlying asset's state, form, or value.


		## Motivation

		In industries involving supply chains or assets undergoing various forms of processing, a singular representation (as either a fungible or non-fungible token) falls short of depicting the asset's evolving nature. This standard addresses this gap by enabling dynamic representation and management of assets throughout their transformation phases, enhancing tracking and interaction with these assets on the blockchain.

		- PB Tokens are associated with an ERC-721 NFT, representing fractional ownership or specific attributes of the NFT in a given phase.
		- Each PB Token phase reflects a distinct state or condition of the underlying asset, with the contract managing transitions between these phases.


		## Rationale

		Introducing this standard fills a critical niche, blending the characteristics of ERC-721 and ERC-20 tokens to accurately represent dynamic assets. This standard is particularly suited for applications requiring detailed asset management through various phases of transformation.


		## Reference Implementation

		An implementation can be found here: `https://github.com/JEflyer/ERC9988`

Add ERC: Extended Multiphase Fractional NFTs #344

Are you sure you want to change the base?

Add ERC: Extended Multiphase Fractional NFTs #344

Conversation

JEflyer commented Mar 25, 2024

eip-review-bot commented Mar 25, 2024 • edited Loading

File ERCS/erc-7661.md

github-actions bot commented Mar 25, 2024

Choose a reason for hiding this comment

Choose a reason for hiding this comment

Choose a reason for hiding this comment

Choose a reason for hiding this comment

SamWilsn left a comment

Choose a reason for hiding this comment

Choose a reason for hiding this comment

Choose a reason for hiding this comment

Choose a reason for hiding this comment

Choose a reason for hiding this comment

Choose a reason for hiding this comment

Choose a reason for hiding this comment

Choose a reason for hiding this comment

Choose a reason for hiding this comment

Choose a reason for hiding this comment

github-actions bot commented Feb 8, 2025

eip-review-bot commented Mar 25, 2024 •

edited

Loading

File `ERCS/erc-7661.md`