EVT(Encrypted Variable Token) is a new token standard applied in more broader fields than NFT.
EVT supports the variable and encrypted data types which is well fit for Web3, metaverse applications.
In recent years, NFT based applications is blooming by acceleration of ERC-721 standard.
But current standards is still limited to few applicable fields such as digital arts because of the aspects below.
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Privacy and copyright protection.
Because image, audio, video in NFT is totally opening, some important applications such as digital entertainment, social network, etc. , will be not emerging.
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Variable Property
Normally the metadata of NFT is invariable. It impede the inovation based on blockchain.
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Industry metadata
We propose a new token standard EVT(Encrypted Variable Token) which support the development of encrypted and variable decentralized applications.
| NFT | EVT | |
|---|---|---|
| Concept | Non- Fungible Token | Encrypted Variable Token |
| Features | Invariable, non-programming | Data is categorized as invariable and variable parts. variable data has multiple dimensions including time-based, space-based, function-based, oracle-based, fuse-based, ODI, etc. |
| Compatible with NRC7 | Compatible with NRC7 | |
| Image, voideo, audio in NFT is public. | support multiple cryptography alorithm including AES, ECDSA, RSA, Lattice-based cryptography, etc. | |
| / | Builtin industry metadata | |
| / | Custom Development Tools | |
| / | Industry solutions | |
| Use Cases | Digital Art such as Cryptopunks, Bored Ape Yacht Club(BAYC) | Movie&Music copyright trading, Streaming media, ODI, Assets group, game, metaverse, digital ticket, etc. |