CRC-0223 Native NFTs

Native NFTs on Circular function similarly to CRC-0123 tokens but with notable differences. Crucially, the associated URL must link to a secure location—ideally decentralized storage—where the original digital asset is stored. In contrast to CRC-0123 tokens, minting an NFT incurs a fee relative to its declared value, although it is allowed to set this value at zero.

Additionally, creators of native NFTs can earn royalties from each subsequent sale, providing an incentive for artist and creator engagement. NFTs are versatile; they can be transferred, swapped, and even replicated into multiple editions for sale, expanding their market potential.

However, for more complex interactions with NFTs, smart contracts (SC) become essential. This requirement ensures that the more sophisticated and unique functionalities of NFTs are manageable within the Circular ecosystem, maintaining security and facilitating advanced features.

{
      "Blockchain" : "8a20baa40c45dc5055aeb26197c203e576ef389d9acb171bd62da11dc5ad72b2",
      "Address" : "e2e86db8f44ceae4750a2a055b38cb3ae326bc1c282f09e7c0cc1f585984bdf2",
      "Name" : "NewNFT",
      "Symbol" : "",
      "Type" : "CRC_TOKEN_0223",
      
      "Amount" : 1000.0,
      "Price" : 100.0,
      "Royalties" : 0.10000000000000001,
      "EnableSwap" : 0,
      
      "URL" : "https://.../Article21.jpg",
      "URLType" : "Digital Media"
}

CRC-0323 Native RWAs

The CRC-0323 standard on Circular is designed for straightforward tokenization of real-world assets (RWAs), bypassing the need for complex functionalities and smart contracts (SCs) for basic transactions. Circular aims to embed essential functionalities into the system natively.

Unlike the CRC-0123 standard, tokens under CRC-0323 must have a URL that links directly to legal documentation, establishing a clear bridge between the digital token and its physical counterpart. This documentation is vital in verifying ownership and the authenticity of the RWA.

Beyond this legal linkage, CRC-0323 tokens share many similarities with other token standards on Circular. However, for specialized operations that exceed the native capabilities, developers will need to employ a smart contract. An example of a typical RWA token's digital file is as follows.

{
      "Blockchain" : "8a20baa40c45dc5055aeb26197c203e576ef389d9acb171bd62da11dc5ad72b2",
      "Address" : "e2e86db8f44ceae4750a2a055b38cb3ae326bc1c282f09e7c0cc1f585984bdf2",
      "Name" : "House",
      "Symbol" : "",
      "Type" : "CRC_TOKEN_0323",
      
      "Amount" : 1000.0,
      "Price" : 10000.0,
      "Royalties" : 0.10000000000000001,
      "EnableSwap" : 0,
      
      "URL" : "https://.../Deeds.pdf",
      "URLType" : "Digital Media"
}

CRC-0423 Native Digital Asset Transfer

Coming Soon...

CRC-0523 Native Digital Assets Swap

Coming Soon...

CRC-0623 Native Vouchers

Coming Soon...

CRC-0723 Inter Chain Transfers

Coming Soon...

CRC SMART CONTRACTS

CRC-0823 Programmable Wallets

Coming Soon...