Menu
The Chia Plot
  • Blog
  • How-To
  • About
  • Contact
  • Security
  • Discord
The Chia Plot
chia example nft picture

Chia launches their NFT standard for non fungible tokens – NFT1

Posted on June 29, 2022June 29, 2022 by Chris Dupres

Chia Network Inc has announced via tweet and press release their Non Fungible Token (NFT) standard called, creatively, NFT1. This is the standard outlined in CHIP-0005 as discussed here and we are going to talk about the standard a little bit today. As this directly impacts me as part of the Space Marmots project, I am disclosing that too.

First off, this may sound biased, but Chia’s NFT1 standard is significantly better when compared to the Ethereum ERC-721 standard underpinning much of the NFT ecosystem. As a quick primer the way ERC-721 works is that you publish a smart contract controlling your NFT mint to the solidity-based blockchain of your choice and then you send transactions to that contract to mint the NFT tokens that represent the assets being tokenized. There are some upsides and downsides to this approach. First off, the contracts themselves require a large upfront transaction to put on the blockchain. Especially on Ethereum Mainnet, big transactions ain’t cheap. Secondly, all the NFTs are inherently tied to that contract itself as an originator. It does, however, make it easy to find assets for a specific NFT collection, as you can head to Etherscan and put in the contract address then run the function in the NFT contract to find the asset URL.

The way the NFT1 standard works is wildly different. Because of the coin model used by the Chia Blockchain instead of the Ethereum account model, every NFT is a smart coin with its own rules. The minters of the NFT, like the Marmotverse, can set the rules of the coin with Chialisp and set the asset URLs and hashes to be stored on chain and then voila, its an independent NFT. A collection will be linked to those NFTs through metadata and will be discoverable a few different ways. Another big component that needs to be discussed here is DIDs, which are another CHIP (CHIP-0004) and this will be how a lot of collections will work.

It is possible to mint an NFT on Chia to either a DID or a non DID wallet. There is a greater cost, but greater flexibility in ownership to minting to a DID. I personally would recommend using DIDs for all minting, and each Marmotverse collection will use a unique DID as a starting point. It is really worth reading up on their documentation about the standard to get a good sense of how it works specifically, but the gist is that each NFT is a coin and the references for royalties or ownership can be a DID or a xch address.

The contents of the NFT look like this, and its something you should really familiarize yourself with if you plan on using Chia NFTs.

NFT identifier:            nft1euzj4fuh2h46nd5dpm6vh2cmqkvnh2zwwpzd9l0awx496zrhe0psfmklxm
Launcher coin ID:          cf052aa79755eba9b68d0ef4cbab1b05993ba84e7044d2fdfd71aa5d0877cbc3
Launcher puzhash:          eff07522495060c066f66f32acc2a77e3a3e737aca8baea4d1a64ea4cdc13da9
Current NFT coin ID:       5cdfe3eb4429ad5cb12ab549b6d2f0f7d919fa9f4389d187ad7414f747a86bd4
On-chain data/info:        ((117 "https://images.pexels.com/photos/11053072/pexels-photo-11053072.jpeg") (104 . 0x14836b86a48e1b2b5e857213af97534704475b4c155d34b2cb83ed4b7cba2bb0) (28021 "https://metadata_example.com") (27765 "https://license_example.com") (29550 . 42) (29556 . 1337) (28008 . 0x868463c2ae6f8a9585156c9ad9f4b9b01eeacc56fec82aa629c97135ff21823e) (27752 . 0x358d4eb4aedefbec22824036299eff24216d213a95c8f986f862f0a89a250a82))
Owner DID:                 did:chia:13p5fdxgm8e2pngdwp8m088t0etp7rgzx9ye2ju8v5ackcyg7t9nqx2um83
Royalty percentage:        300
Royalty puzhash:           827d2f77303929db5f3c26fd21b65901a342e36b9d912ac4440d6185f80d17a8
NFT content hash:          14836b86a48e1b2b5e857213af97534704475b4c155d34b2cb83ed4b7cba2bb0
Metadata hash:             868463c2ae6f8a9585156c9ad9f4b9b01eeacc56fec82aa629c97135ff21823e
License hash:              358d4eb4aedefbec22824036299eff24216d213a95c8f986f862f0a89a250a82
NFT series total:          1337
Current NFT number in the series: 42
Metadata updater puzhash:  fe8a4b4e27a2e29a4d3fc7ce9d527adbcaccbab6ada3903ccf3ba9a769d2d78b
NFT minting block height:  1145481
Inner puzzle supports DID: True
NFT is pending for a transaction: False

URIs:
   https://images.pexels.com/photos/11053072/pexels-photo-11053072.jpeg

Metadata URIs:
   https://metadata_example.com

License URIs:
   https://license_example.com

Now to the announcement itself, with the stuff we did not know. Chia will be launching an NFT profile picture project themselves called Chia Friends where you can enter a contest to receive one of 10 000 Profile Picture NFTs for free, and they will be donating 100% of the royalties of to the Marmot Recovery Foundation. I am super happy to see Chia Network following the Marmotverse’s lead with the donation to the Marmot Recovery Foundation. I challenge all Chia NFT projects to similarly donate proceeds to a worthy charity. I encourage everyone to sign up for this giveaway at the Chia Friends link above.

Nft sites listed on the Chia Friends website

There are also three galleries launching with NFT support, Dexie.Space, SkyNFT and SpaceScan. Literally none of the NFT galleries we were promised up front, or for most of the last year. Interesting, right?

This is an excellent launch, and I suspect we will be talking about this a lot in the coming days. Stay tuned for more Space Marmots news dropping very shortly.

Related

Leave a Reply Cancel reply

Advertisement

Recent Posts

  • Crypto is burning down – Chia seems fine
  • Chia CAT upgrade fiasco part 2 – Was I wrong?
  • WTF just happened?? CAT1 to CAT2 “upgrade”
  • The era of the Chia NFT is upon us
  • Chia Blockchain 1.4.0 released – NFTs and DIDs oh my
  • Discussion
  • Facts About Farmers
  • How-To
  • Information
  • News
  • pools
  • Security
  • Trademark
  • Trading
  • Uncategorized

Dark Mode Switch

©2021 The Chia Plot - Donate XCH / MRMT / SBX @ xch1p4440d6zwu9ryta2vx073lq2ge3s29d37kskz6t34jp085e8srjqnk0gcr
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-advertisement1 yearThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
JSESSIONIDsessionUsed by sites written in JSP. General purpose platform session cookies that are used to maintain users' state across page requests.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
CookieDurationDescription
na_id1 year 1 monthThis cookie is set by Addthis.com to enable sharing of links on social media platforms like Facebook and Twitter
na_rn1 monthThis cookie is used to recognize the visitor upon re-entry. This cookie allows to collect information on user behaviour and allows sharing function provided by Addthis.com
na_sc_e1 monthThis cookie is used to recognize the visitor upon re-entry. This cookie allows to collect information on user behaviour and allows sharing function provided by Addthis.com
na_sr1 monthThis cookie is set by Addthis.com. This cookie is used for sharing of links on social media platforms.
na_srp1 minuteThis cookie is used to recognize the visitor upon re-entry. This cookie allows to collect information on user behaviour and allows sharing function provided by Addthis.com
na_tc1 year 1 monthThis cookie is set by the provider Addthis. This cookie is used for social media sharing tracking service.
ouid1 year 1 monthThe cookie is set by Addthis which enables the content of the website to be shared across different networking and social sharing websites.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
CookieDurationDescription
d3 monthsThis cookie tracks anonymous information on how visitors use the website.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
__gads1 year 24 daysThis cookie is set by Google and stored under the name dounleclick.com. This cookie is used to track how many times users see a particular advert which helps in measuring the success of the campaign and calculate the revenue generated by the campaign. These cookies can only be read from the domain that it is set on so it will not track any data while browsing through another sites.
_ga2 yearsThis cookie is installed by Google Analytics. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. The cookies store information anonymously and assign a randomly generated number to identify unique visitors.
_gat_gtag_UA_199099757_11 minuteThis cookie is set by Google and is used to distinguish users.
_gid1 dayThis cookie is installed by Google Analytics. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form.
CONSENT16 years 4 months 5 daysThese cookies are set via embedded youtube-videos. They register anonymous statistical data on for example how many times the video is displayed and what settings are used for playback.No sensitive data is collected unless you log in to your google account, in that case your choices are linked with your account, for example if you click “like” on a video.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
advanced_ads_browser_width1 monthThis cookie is set by Advanced ads plugin.This cookie is used to measure and store the user browser width for adverts.
anj3 monthsNo description available.
CMID1 yearThe cookie is set by CasaleMedia. The cookie is used to collect information about the usage behavior for targeted advertising.
CMPRO3 monthsThis cookie is set by Casalemedia and is used for targeted advertisement purposes.
CMPS3 monthsThis cookie is set by Casalemedia and is used for targeted advertisement purposes.
CMRUM31 yearThis cookie is set by Casalemedia and is used for targeted advertisement purposes.
CMST1 dayThe cookie is set by CasaleMedia. The cookie is used to collect information about the usage behavior for targeted advertising.
DSID1 hourThis cookie is setup by doubleclick.net. This cookie is used by Google to make advertising more engaging to users and are stored under doubleclick.net. It contains an encrypted unique ID.
i1 yearThe purpose of the cookie is not known yet.
IDE1 year 24 daysUsed by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. This is used to present users with ads that are relevant to them according to the user profile.
KADUSERCOOKIE3 monthsThe cookie is set by pubmatic.com for identifying the visitors' website or device from which they visit PubMatic's partners' website.
KTPCACOOKIE1 dayThis cookie is set by pubmatic.com for the purpose of checking if third-party cookies are enabled on the user's website.
mc1 year 1 monthThis cookie is associated with Quantserve to track anonymously how a user interact with the website.
test_cookie15 minutesThis cookie is set by doubleclick.net. The purpose of the cookie is to determine if the user's browser supports cookies.
uid1 year 1 monthThis cookie is used to measure the number and behavior of the visitors to the website anonymously. The data includes the number of visits, average duration of the visit on the website, pages visited, etc. for the purpose of better understanding user preferences for targeted advertisments.
uuid3 monthsTo optimize ad relevance by collecting visitor data from multiple websites such as what pages have been loaded.
uuid23 monthsThis cookies is set by AppNexus. The cookies stores information that helps in distinguishing between devices and browsers. This information us used to select advertisements served by the platform and assess the performance of the advertisement and attribute payment for those advertisements.
VISITOR_INFO1_LIVE5 months 27 daysThis cookie is set by Youtube. Used to track the information of the embedded YouTube videos on a website.
YSCsessionThis cookies is set by Youtube and is used to track the views of embedded videos.
yt-remote-connected-devicesneverThese cookies are set via embedded youtube-videos.
yt-remote-device-idneverThese cookies are set via embedded youtube-videos.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
__gpi1 year 24 daysNo description
adImpCountpastNo description
C3UID5 yearsNo description available.
C3UID-9245 yearsNo description
fc5 months 27 daysNo description available.
pfpastNo description
pxs5 months 27 daysNo description available.
SAVE & ACCEPT
Powered by CookieYes Logo