Trinity developing Non Fungible Tokens (NFT) standard

On March 16, 2018, David Li, the Founder of Trinity Protocol, gave a presentation at the final stop of the NEO APAC tour in South Korea, in which he discussed the development of a Non Fungible Token (NFT) standard. David also described NFT’s and their role in the NEO Smart Economy in a conversation with TheGobOne.

NEP-5 tokens are fungible tokens, which means one NEP-5 token equals one NEP-5 token – just as one dollar equals one dollar, or an ounce of gold equals an ounce of gold. For example, if person A was to lend Person B one dollar, it would not matter if they were repaid with that same dollar bill, or a different dollar bill – The value and property is the same.

Trinity is aiming to develop an NFT standard for the NEO blockchain, and is currently using the name NEP-10. However, a NEO Enhancement Proposal for an NFT standard has yet to be submitted for review, and other developers within the ecosystem are also believed to be working on a similar standard.