The ALL.ART protocol defines updated NFT standards with embedded license rights and additional metadata tailored to industry needs stored on the chain, addressing a major shortcoming of the current concept and opening the door to worldwide adoption of NFT across a range of industries. They refer to this standard as NFT-PRO.
The license rights and legal contracts embedded in the very structure of NFTs and their behavior ensure that any transfer of ownership on the chain is properly managed, where both buyer and seller know exactly what they are talking about. As in real life, there can be multiple types and levels of licensing rights for a single NFT element, and different behaviors of those NFTs. Using the next generation of NFTs, Web3 applications can access additional metadata and implement the correct NFT behavior or grant appropriate permissions to users based on the chain data.
At the core of the ALL.ART protocol is a new NFT infrastructure that supports the maker economy and the metaverces of the future.
The protocol introduces creator pools with creator tokens; each NFT can be traded using these tokens. Creator tokens are the primary fuel for the creator economy of the future. NFTs are assets produced by creators that are traded by creator communities.
The ALL.ART protocol, based on the new NFT on-chain metadata standards, includes components, tools and features that will enable creators to launch and grow their own ecosystems across industries. The protocol infrastructure establishes features such as NFT Minting, NFT Escrows, NFT Bidding, NFT Auctions, NFT Advanced Trading, NFT Teleport, NFT Verification, KYC/AML NFT services, NFT Ticketing, NFT Estates, and creator economies based on NFTs.
NFT-PRO
A non-fungible token is a digital registration of a unique object, indivisible in nature. However, an NFT is more than a binary relationship between a person and an object. An NFT can have properties that define its function, use, lifespan, relationship to other NFTs, or even the representation of the same NFT on other chains.
NFT-PRO is essentially a layered system of additional metadata sets on top of the main NFT token. These metadata sets are stored on the chain using Solana's PDA account system and linked to the main mint.
NFT-PRO has a three-layer system designed for the next generation of interoperable, legally compliant representation of items on the blockchain.
Layer 1 (mandatory): the core NFT data layer, the so-called core metadata. It contains basic information about each NFT. This information is stored on the blockchain and represents the NFT element. During the minting process, an account is created for the NFT containing the basic metadata using the Metaplex standard on Solana, with creator information and important data fields. Additional data can be stored in an external file, but is optional.
Level 2 (optional): additional metadata stored on the chain. This set of data is not stored in a URI-linked file, but in the account itself (Solana). The optional metadata standards developed within the ALL.ART protocol cover different types of NFTs relevant to specific use cases:
- License Rights Metadata. This metadata defines the scope of each license and the properties of the NFT (stored on-chain), and provides a link to the full license agreement stored off-chain. An NFT-PRO may have additional license information (terms and conditions) associated with the first level data structure, as well as additional metadata, making it effectively an NFT-PRO. Each license is represented by its own license token as proof of ownership of a particular license, essentially an unmined license token associated with the NFT core.
- Trait metadata is stored on the chain. Only by storing NFT traits (properties) on the chain, smart contracts can use these datasets. Using the properties of NFTs on the chain provides the basis for new uses of NFTs, from art, games, to identification, etc.
- Cross-chain NFT metadata. To ensure proper inter-chain teleportation of NFTs, it is necessary to store this data on-chain. This way, verification of original assets, provenance, and authenticity can be properly tracked and utilized.
- Virtual items metadata. Virtual items are not just references to a file. Their characteristics do not define the complex nature of 3D objects that have multiple levels of detail, texture layers, or materials. Metadata for virtual objects has yet to be defined and standardized so that these assets can be properly used in metaverses.
Layer 3 (optional): transaction layer; auctions, escrows, liquidity pools, order books, or other sales mechanisms. Once the new metadata layers are ready, a transaction layer (market) can be created for NFT-PRO, either through bidding systems, auctions or order books/liquidity pools managed by the ALL.ART protocol.
SolSea is the first truly open NFT marketplace on Solana
The goal of this marketplace is to bring an open approach to NFT trading and develop solutions to the challenges faced by the NFT community.
VR-All-Art Metaversion
VR-All-Art is ALL.ART's first standalone product that creates a direct bridge between virtual worlds and the NFT. It is conceived and developed as a metaverse that will feature some of the most renowned artists, galleries, museums and collectors, changing the way art and culture is approached in the NFT era. VR-All-Art avatars utilize personal NFT assets as a new paradigm in 3D NFT collecting. Standards for cross-application of 3D NFT items are needed to set the stage for the next level of the playing field in the metaverse.
Unity-Solana wallet with NFT support
Unity is one of the most popular game engines. By utilizing the protocol directly in Unity, ALL.ART aims to enable developers to easily integrate blockchain support into their products, transforming the world of games and apps developed on Unity. The Unity-Solana wallet includes support for token management as well as much-needed NFT support.
Universal NFT APIs
ALL.ART API provides cross-standard NFT extraction and allows for easy integration into applications and games. The API supports multiple NFT standards, starting with Metaplex and NFT-PRO, and eventually including all other iterations (current and future) of NFT on Solana.
NFT Teleport
NFT cross-chain teleportation is one of the core infrastructure elements required to make NFTs universally accessible and interoperable in the blockchain world. NFT teleportation is not just the trivial task of blockchain and cross-chain NFT minting, but also metadata handling, verification and certification, proper NFT-PRO meta-layers, and security. The mission of ALL.ART is to establish appropriate cross-chain standards while ensuring easy teleportation of NFTs.
NFT verification standard and NFT trademark
The ALL.ART protocol creates new verification standards that can be applied across the entire ecosystem of applications and markets to ensure secure commerce and proper protection of intellectual property.
NFT Real Object Tagging
ALL.ART aims to establish partnerships in biometric tagging of real-world objects that will be linked to the minted NFTs. Only with proper, secure mechanics for tagging real objects, such as art objects, will traditional markets embrace NFTs as a new way to trade. When the tagging problem is solved, NFTs will become much more than just digital objects - they will become a way to ensure the authenticity of real objects that have been brought into the digital and virtual world in the form of NFTs.
