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MOONPIG is the pioneer of NFT 3.0.
NFT 1.0 (ERC-721): Images are stored off-chain.
NFT 2.0 (Pandora, UPEG): A hybrid model combining images and tokens; features fractionalization and requires complex calculations to determine the total number of NFTs.
NFT 3.0 (MOONPIG): Establishes a one-to-one correspondence between NFTs and wallet addresses; rarity is determined by holding volume; and images are stored entirely on-chain.
NFT 3.0 also represents an epic transformation for the ERC-20 standard: every holder of a meme coin possesses their own unique image, with rarity determined by their specific holding volume—all stored entirely on-chain.
#moonpig
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