ERC721Hub deploys a new Spoke contract for each token minted
Each Spoke is both an individual NFT and a standalone smart contract, enabling some additional capabilities
We can implement arbitrary logic in each spoke contract, while still maintaining all of the benefits of existing ERC721 infrastructure (marketplaces, vaults, etc.)
- Simply cooler to own a full contract rather than just: ownerOf(tokenId) = <your_address>
- Provides flexibility and extensibility to NFTs to enable more powerful use cases
- Enables buying / selling of whole contracts on existing marketplaces
- Consider what was unlocked in defi by treating LP positions as tradable/stakeable ERC721s - extend that to arbitrary logic versus just an LP position
- Further benefits to be determined!
- Canvas - Each token contract contains an array of uint8s that can be used to store arbitrary pixels on-chain
- One RGBA pixel = [uint8 R, uint8 G, uint8 B, uint8 Alpha]
- Comes with a default renderer with on-chain generative SVG art
- OpenSea testnet link
- ETFERC20 - Each token contract is a standalone ERC20 that issues shares equal to the derived NAV
- These ETF contracts can then be bought and sold on marketplaces
- Many different types of ETFERC20 Spokes can be minted, tracking different asset classes
- OpenSea testnet link
