Casper introduces Enterprise-Grade NFT Standard

CEP-78 brings the industry’s most customizable, secure and traceable standards to Casper’s growing NFT ecosystem

CasperLabs, a leading blockchain software and services company for enterprise organizations, announced the release of CEP-78, an enterprise-class NFT standard for the Casper Blockchain. CEP-78 builds on the foundational standards of the CEP-47 protocol, which brought non-fungible tokens (NFTs) to Casper. CEP-78 enables organizations to maintain upgradeability over NFTs, even after they have been deployed, to ensure they can meet changing business requirements and evolving customer preferences. And like the broader Casper protocol, CEP-78 is designed to seamlessly connect to existing technology stacks without the need for retrofitting.

“As the NFT market continues to evolve, it has become clear that this is about much more than digital art – businesses are realizing enormous value from this new technology.”

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In just over a year, Casper Blockchain has seen the emergence of a thriving NFT community, including a growing number of businesses creatively using NFTs to solve core business problems, from improving customer engagement to tokenizing IP to open new revenue streams.

“As the NFT market continues to evolve, it has become clear that this is about much more than digital art – businesses are realizing tremendous value from this new technology,” said Medha Parlikar, co-founder and CTO of CasperLabs. “Although interest and pilot use cases are increasing, it is still prohibitively difficult for most organizations to adopt NFTs at scale, because they lose the ability to upgrade or otherwise adapt them after they are first deployed. With With CEP-78, they can do just that, while building on the market’s most secure and scalable blockchain.”

Specific features included in the CEP-78 include:

• Account-based access: developers can now access an NFT association with a given account(s) – CEP-78 is the first NFT standard on the market to offer this key feature.
• Streamlined management: organizations can now use a single NFT contract for all NFT-based use cases.
• Improved extensibility: CEP-78 makes it easier to integrate metadata via a customizable JSON schema. It includes a new Javascript software development kit (SDK) that enables more developers to leverage CEP-78 for broader use cases.
• Improved testing: more than half of the code is for testing every permutation of every configuration option, a model that is continually improved as new options are released. This approach adopts broader software development best practices around continuous integration to ensure businesses can rely on the highest quality code.

Medha Parlikar and CasperLab’s Senior Business Development Manager Niamh O’Connell will give keynote speeches at Blockchain Expo North America conference that takes place 5.-6. October 2022 in Santa Clara, California. Parlikar will speak on “The Blockchain Scalability Challenge” on October 5, while O’Connell will participate in a keynote panel “The Future of Digital Assets” on October 6. Blockchain Expo North America is a technology conference and exhibition, with thought-leading discussions and top-level content, covering all recent developments in the Blockchain ecosystem.

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