Chief K.C.

Bullish on $IP! Bullish on @StoryEcosystem & @StoryProtocol! Bullish on the project that the founder grinds just as hard as every other community member @jasonzhao ! Bullish on programmable IP! Bullish on @BenjaminOnIP! Bullish on the ꧁community꧂ Bullish on꧁IPFi꧂

Here's how @metaplex core's new digital assets standard solves all the problems of the previous standard. ▪︎ When it comes to the problem of transaction cost & network load... Metaplex core uses a single-account model for NFTs, which significantly reduces the number of transactions and accounts needed. This approach cuts down on minting costs, and reduces the strain on the Solana network, allowing more transactions per block, and increasing speed. All of this contributes to improving the network's efficiency. ▪︎ The single-account model also eliminates much of the complexity associated with managing multiple accounts for NFTs. ▪︎ NFTs are now more flexible and can be tailored to a wide range of use cases without the need for separate standards or complex interactions. ▪︎ This is all thanks to the plugin system introduced by Core that allows developers to add custom functionalities like; ⊱ Staking mechanisms ⊱ Dynamic attributes ⊱ or even a points system all without altering the core protocol. ▪︎ Scalability is important! Metaplex core with lower compute unit usage & a more efficient account structure, is designed to handle large-scale operations better. This improves the scalability of NFT Projects on Solana. It also helps in managing high-volume transactions without compromising network performance. ------ Generally, this standard supports diverse use cases, from art NFTs to in-game assets, with a more efficient, customizable, and developer-friendly framework for digital assets on Solana.