San Francisco – (Business Wire)–Impact Cards, a new dynamic non-fungible token (NFT) alpha for tracking and validating cross-chain impact contributions, launched on Celo. These purpose-driven NFTs use the ERC721K framework to provide a user-friendly experience through “impact tasks,” such as participating in on-chain donations to ImpactMarket, poverty alleviation protocols, or Gitcoin grants.
While ERC-721 is a free, open standard commonly used to build non-fungible or unique tokens on Ethereum and EVM-compatible blockchains, ERC721K is a groundbreaking technological innovation that combines dynamic On-chain images and metadata to create Web3 credentials through a unified proof-of-impact track record.
Using composable Scalable Vector Graphics (SVG) and real-time data streams, ERC721K allows builders to build, render, and evolve NFTs, issuing collectibles that adapt and respond to environments. These “evolving” on-chain NFTs are self-contained, with customizable dynamic features, and users accumulate “experience points” by interacting with the larger Web3 space.
“We chose Celo as the home for Impact Cards because blockchains are not just a new technology – they are an opportunity to encode value into action,” said Kames Geraghty and Friends, lead architect of Impact Cards and creator of ERC271K CTO of Pooly. “The Celo ecosystem’s commitment to innovative and mission-driven founders and builders means we can work directly with those who are already making a difference.”
“We look forward to unlocking more access to public goods protocols on Celo with this Impact Cards alpha,” said Masha Healy, head of grant operations at the Celo Foundation. “This pioneering technology initiative tracks off-chain contributions, enabling ReFi builders and projects to further increase user stickiness and composability, while better segmenting user data and product feedback—providing users with a unique, first-of-its-kind experience.”
Other impact NFT projects on Celo include Ariswap, a mobile-first NFT marketplace that actively creates educational and community NFT programs in Africa and Latin America through art, and Cyber, an NFT marketplace with ReFi integrations such as on-chain carbon offset.
About Celo
Celo is a carbon-negative, permissionless Layer 1 protocol with a rich global ecosystem of partners building innovative Web3 applications in the DeFi, ReFi and NFT space on Celo. Anyone with a mobile phone can access the Celo ecosystem, which consists of a decentralized proof-of-stake blockchain technology stack (Celo protocol), CELO native token and multiple Mento stable assets (cUSD, cEUR, cREAL), anyone Digital assets such as currency can be used. Launched on Earth Day 2020, the open-source Celo mainnet now supports over 1,000 projects created by developers and artists around the world.