• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Overview of ERC-7765: NFTs with Real-World Asset Protocol

user avatar

by Giorgi Kostiuk

9 months ago


In August, the Mint Blockchain team proposed a new NFT asset protocol standard—ERC-7765, aiming to connect digital assets with real-world assets and privileges.

The Rise of Real World Assets in NFTs

NFTs have been primarily known for their use in digital art and virtual worlds. However, more projects are exploring NFTs linked to real-world assets like physical products, property, and financial instruments. These real-world assets provide holders with specific rights and privileges. ERC-7765 aims to address the challenge of executing these privileges both onchain and offchain.

What Is ERC-7765?

ERC-7765 is a proposed standard specifically for NFTs that represent real-world assets with privileges. Built on ERC-721, it extends the standard to allow NFT holders to exercise associated privileges like redeeming real-world products using the onchain representation of those privileges.

Key Features of ERC-7765

ERC-7765 inherits ERC-721's transfer logic, ensuring compatibility with existing platforms. The main innovation is the exercisePrivilege function, enabling NFT holders to exercise privileges like redeeming products. The standard includes functions to check privilege status, a method for binding privileges to NFTs, and metadata for each privilege, enhancing transparency and usability.

ERC-7765, proposed by the Mint Blockchain team, significantly expands NFT applications, bridging digital assets and the real world, thereby offering new possibilities for blockchain technology.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Hainan Huatie Yellow Bee Invests in XMeta Platform

chest

Hainan Huatie Yellow Bee has announced a strategic investment in XMeta, strengthening fintech infrastructure under trade initiatives.

user avatarGiorgi Kostiuk

Bitcoin and Trump's Tariffs: Market Reaction to Political Changes

chest

Bitcoin's price surge relates to Trump's tariff proposal on the EU and his pro-crypto stance.

user avatarGiorgi Kostiuk

Software Developers Spent 19% More Time Working with AI Than Expected

chest

METR study reveals experienced developers took 19% longer when using AI tools than previously anticipated.

user avatarGiorgi Kostiuk

Trump and Cryptocurrency: A New Wave of Optimism

chest

Donald Trump has shifted his stance on cryptocurrencies, praising their achievements amid evolving economic realities.

user avatarGiorgi Kostiuk

Copper Tariff Implications for American Manufacturers

chest

US copper buyers brace for potential 50% duties on processed copper, raising manufacturing costs.

user avatarGiorgi Kostiuk

YZi Labs and 10X Capital Join Forces to List BNB on U.S. Exchange

chest

Partnership between YZi Labs and 10X Capital provides regulated access to BNB for institutional investors, enhancing interest in cryptocurrencies.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.