About fragmentation of token standards and token designing

Magicians Primordial Soup
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Hello fellow magicians!

I’m currently working on a research paper about NFT design. From the academic discussions I’ve reviewed, there doesn’t appear to be a widely accepted, high-level toolkit—such as a method, framework, or process—for designing and applying NFTs to different use cases. My hypothesis is that such tools could significantly support the adoption of NFTs in real-world applications.

In exploring this topic, I’ve noticed a considerable increase in NFT-related standards since we introduced our own, ERC-5023, a year and a half ago. After a brief review of the current landscape, I found that there are now over 160 different ERC standards related to NFTs in some way.

This brings me to a question for you all: Do you see any challenges arising from this trend of increasing amounts of NFT standards? And would you find high-level design tools helpful, such as tools that could help you quickly match existing token standards to your use case or give you confidence early on that your token design is suitable for your intended context?

Jarno

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Standards are set for “scientific” purposes. The adoption of a standard is the real story.
Right now, the steps are “draft,” “review,” “last call,” and “final.” Maybe it would also be good to have something like “adopted.”