What if we could securely and freely mint tokens off-chain?
What if token holders could trustlessly migrate these tokens on-chain as desired?
What if token contracts included a built-in mechanism to move tokens between contracts or even between blockchains?
Abstract tokens define a simple, standard way to:
- Mint tokens off-chain as messages
- Reify tokens on-chain via smart contract
- Dereify tokens back into signed messages
Abstract tokens are free to mint off-chain but preserve on-chain composability. They are compatible with existing standards like ERC20, ERC721, and ERC1155, and are designed for high-volume use cases such as:
- POAPs / receipts
- identity / access credentials
Please check out the EIP or Medium post. to see more. Feedback is welcome!