The Nexera Protocol is a system that enables the creation of mutable and composable NFTs, known as MetaNFTs. The protocol addresses the issues of fragmented metadata and non-interoperability of NFTs, allowing for the easy creation of MetaNFTs, which can have their properties (traits) added over time, similar to a videogame character's inventory or a yield protocol's interest rate.
MetaNFT is a third-generation NFT standard that stores mutable data and metadata, can interact with both on-chain and off-chain sources, and dynamically updates properties based on parameters triggered by the user or external sources. The standard aims to give users control not only of their NFT but also the attached metadata. We call them MetaNFTs (mNFTs) since they are as versatile as metadata but fully stored on-chain.
The Nexera Protocol is a groundbreaking development in the world of NFTs. By addressing the issues of fragmented metadata and non-interoperability, the protocol enables the creation of mutable and composable NFTs, called MetaNFTs. MetaNFTs can have their properties (traits) added over time, similar to a videogame character's inventory or a yield protocol's interest rate, making them a flexible and dynamic asset.
What sets MetaNFTs apart is their third-generation NFT standard. This standard stores mutable data and metadata, allowing them to interact with both on-chain and off-chain sources. MetaNFTs can dynamically update properties based on parameters triggered by the user or external sources, giving the user complete control not just over their NFT but also the attached metadata.
The protocol's focus on giving users control and flexibility over their NFTs has led to the development of a new asset class, known as MetaNFTs (mNFTs). MetaNFTs are as versatile as metadata but are fully stored on-chain, ensuring their security and immutability. The Nexera Protocol's innovative approach to NFTs is transforming the way we think about these assets, and it will be exciting to see how the technology develops in the future.
