Currently, all existing token standards have no upkeep cost. This ERC would provide an extension to ERC1155 that introduces an upkeep cost (that can be paid in any number of ways - potentially even more NFTs!). If it isn’t paid, ownership of the token will change to a particular address. This could allow for a greater commission for creating NFTs, or fun concepts such as a “pet” that needs “food.”
That’s an interesting idea. Perhaps it can be revoked if the maintenance isn’t paid, kind of like a forfeiture. Or if someone else pays the maintenance it can be owned by them.
I can see a loan structure working like that.
Perhaps it can be revoked if the maintenance isn’t paid
I was thinking that it could just be sent to the null address if it is to be burned, or the contract owner if it is to be re-sold.
This could be implemented by having the balanceOf function take the latest block’s timestamp (or number) into account.
That’s not dissimilar to basic demurrage. I fully support this concept; in fact, I think the principle should apply to the base token, i.e. ETH itself.
What a simple yet interesting idea!
And what if we expand it and make the maintenance of the token or asset can be between several?
For example, the purchase of a property between partners or sharing an account on an online content platform such as Spotify or Netflix…