What is the NFT 2.0 generation, and why it might be the best storytelling vehicle?

This post talks above and beyond the most known NFT types — ERC-721 and ERC-1155. We discuss NFT2.0 and art legos introduced by RMRK. What are they, and why you should take this NFT trend into account.

Did you notice that most NFTs sit in wallets doing nothing? At best, owners sell those during the next hype cycle. That’s why the NFT lego concept, also known as NFT 2.0 generation is on the agenda.

What is NFT2.0 and the lego concept?

The term was introduced by the RMRK network, which writes notes representing each NFT onto blocks on the chain utilizing a concept called “legos” (rather than using complex smart contracts). Similar to the colored bricks, these legos act as building blocks for NFTs buildups to connect to each other, nest, and add to the complexity of the initial NFT layer. These legos can bring more value compared to illiquid PFP JPEGs.

As RMRK works on the Kusama relay chain, it can connect other blockchains, like Ethereum and Bitcoin. Similar to the central chain used by the Polkadot network, Kusama adds up features of each connected chain to the feature set. Why do you care?

Companies can use blockchain tailored to specific applications, thus preserving privacy and data security. This especially helps large companies to keep their data safe, and in the most logical way, imagine a player who can own an avatar for which each…