👉 This EIP proposes a new extension for NFTs (non-fungible token).
NFTs have entered mainstream consciousness in a big way as NFT trading volume spiked 21,000% to more than $17 billion in 2021. Despite NFTs’ monumental rise as blockchain-based digital assets, we are just starting to scratch the surface of what is possible with NFTs.
However, there hasn’t been an effective approach to providing avenues of continued monetization for community holders. Going through all the NFT-related EIPs, the solutions to “making NFTs profitable” are limited to transfers, rental and mortgage.
Inspired by hyperlink, the essence of World Wide Web, the proposed hNFT standard positions NFT as the medium for Web 3.0. The hNFT standard endows NFTs with a hyperlink extension so that it is possible to exercise the `fructus` right, meanwhile, keeps the `abusus`. With hyperlink extension, NFT owners can earn profit by authorizing any hyperlink slot to an address.
The nft-hyperlink-extention (hNFT), embedding NFTs with hyperlinks, referred to as “hNFTs”. As owners of hNFTs, users may authorize a URL slot to a specific address which can be either an externally-owned account (EOA) or a contract address and hNFT owners are entitled to revoke that authorization at any time. The address which has slot authorization can manage the URI of that slot.