What is the ERC-3525 protocol?

The ERC-3525 protocol is a significant development in the blockchain world, designed to address the limitations of existing token standards. Specifically, FT tokens (ERC20 Tokens) and NFTs (Non-fungible tokens) have been the two primary categories in the blockchain ecosystem. ERC20 tokens are fungible tokens that can be seen as the digital version of currency, with each token being identical. On the other hand, NFTs are non-fungible tokens with each token being unique, and can be considered as the crypto version of art pieces, collectibles, or other special assets.

The ERC-721 protocol is an extension of the ERC20 protocol and is used to create the standard protocol for NFTs. It allows developers to package blockchain assets into indivisible tokens and sell them to other users, thereby ensuring that the ownership of digital assets becomes inviolable and can be easily transferred among different users. However, ERC-721 has some limitations, such as the uniqueness of each NFT token being limited, as they can not be divided into multiple parts, restricting the application of NFTs in some scenarios.

To address these issues, the ERC-3525 standard was proposed, defining a new asset category - semi-fungible tokens (SFTs). SFT tokens are an asset type that lies between FT and NFT tokens, with each token containing a specific number of unique parts, ensuring their one-of-a-kind nature. Additionally, SFT tokens can effectively meet the needs of Web3 financial scenarios, such as decentralized finance applications (DeFi) and digital asset management.

The ERC-3525 standard provides a standard protocol for SFT tokens, enabling them to be better applied in digital asset management and Web3 financial scenarios. It also makes digital asset ownership more secure and inviolable.

What are the features of the ERC-3525 protocol?

The ERC-3525 protocol is a standard protocol for creating and exchanging semi-fungible tokens (SFTs). Compared to traditional token protocols like ERC721 and ERC20, ERC-3525 offers several distinct advantages.

Firstly, the protocol is highly scalable, utilizing a binary format for efficient storage and transmission of token information. This makes it well-suited for large-scale digital asset management and Web3 financial scenarios.

Secondly, ERC-3525 ensures the uniqueness of each SFT token, with each token containing a specific number of unique parts. This enables SFT tokens to be used effectively in digital asset management and DeFi scenarios such as digital identity verification and smart contract collateral.

Thirdly, the protocol incorporates a different token exchange protocol from ERC20 and ERC721, ensuring the security of token exchanges.

Finally, ERC-3525 is fully compatible with ERC20 and ERC721 protocols, allowing for different types of tokens to coexist seamlessly on the same blockchain.

The following chart compares some mainstream ERC protocols on Ethereum.

What are the application scenarios of the ERC-3525 protocol?

The ERC-3525 protocol has many practical applications. For example, in the following scenarios:

DeFi: The ERC-3525 protocol can be used to create and manage SFT tokens that can be used to collateralize and trade digital assets such as smart contract equity and cryptocurrencies.

Digital Identity Verification: The ERC-3525 protocol can be used to create and manage SFT tokens that represent a user's digital identity verification information.

Digital Copyright Management: The ERC-3525 protocol can be used to create and manage digital copyright tokens that represent ownership and authorization of digital works. This makes digital copyright management more secure and efficient.

IoT: The ERC-3525 protocol can be used to create and manage IoT tokens that can be used to pay for communication costs between IoT devices. This makes communication between IoT devices more secure and efficient.

Gaming: The ERC-3525 protocol can be used to create and manage game tokens that can be used for transactions and payments in games. This makes gaming more fun and efficient.

Charity: The ERC-3525 protocol can be used to create and manage charity tokens that can be used for donations and charity transactions. This makes charitable donations more secure and efficient.

Smart Contract Security: The ERC-3525 protocol can be used to create and manage secure tokens that can be used to pay for smart contract execution fees. This makes smart contract execution more secure and efficient.

Of course, these are just some of the many practical applications of the ERC-3525 protocol. With the continuous development of Web3.0 technology, I believe that the application scenarios of the ERC-3525 protocol will become increasingly extensive.

What is X WINNER?

X WINNER is a blockchain gaming platform created based on the ERC-3525 protocol, aimed at providing users with a fair, secure, and transparent gaming experience. All games on X WINNER run on the blockchain network, ensuring the integrity, transparency, and immutability of game data and transactions. On X WINNER, all game data, transaction records, and player assets are stored on the blockchain, allowing users to easily view and verify this information.