2022-02-18 21:30:00
TON’s nonfungible token standard has been upgraded to “Release Candidate.”At the beginning of the month, the TON Foundation organized a public discussion among developers to draft a nonfungible token (NFT) standard for the TON blockchain.
We’re pleased to announce that the status of the NFT standard for TON has been upgraded to “
Release Candidate,” which means it’s practically ready to be deployed without having to make significant changes.
All developers were welcomed to join the discussion to develop the standard, but the TON Foundation team would like to express its deep gratitude to every developer who participated.
The developers indeed produced some outstanding results:1. The fees to mint an NFT on TON will be about 500 times cheaper than those on Ethereum.
For comparison’s sake, minting the 10,000 NFTs from the famous Bored Ape Yacht Club collection cost close to $290,000 worth of Ether (ETH) at the time of writing.
Launching a collection of 10,000 NFTs on TON will only require around $500 regardless of Toncoin price fluctuations.
2. TON NFTs will have their own unique distribution method to avoid network congestion, even when minting a collection of 1 million NFTs.
3. The metadata of TON NFTs will be compatible with NFT metadata on Ethereum — e.g., with the popular NFT marketplace OpenSea.
4. Thanks to TON’s infrastructure flexibility, developers will be able to create new mechanisms; for example, a game where one NFT smart contract alters the content of another NFT or even its code. Of course, minting regular, immutable NFTs will always be possible.
Starting today, app developers and NFT artists can start deploying their technology on the testnet.
We’ve been waiting for this day for a long time, but we’re excited for the token standard’s final release and all the NFT products that will grace the TON ecosystem.
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