SAN FRANCISCO–(BUSINESS WIRE)–Impact Cards, a new dynamic non-fungible tokens (NFTs) alpha that tracks and verifies impact contributions across chains, launches on Celo. These purpose-driven NFTs use the ERC721K framework by providing user-friendly experiences through “impact missions”, such as participating in on-chain donations to impactMarket, a poverty alleviation protocol, or Gitcoin grants.
While ERC-721 is a free, open standard typically used to build non-fungible or unique tokens on Ethereum and EVM-compatible blockchains, ERC721K is a cutting-edge technological innovation that combines dynamic on-chain images and metadata to create a Web3 credentials via a unified proof-of-impact track record.
Using composable scalable vector graphics (SVG) and real-time data streams, the ERC721K allows builders to construct, render and evolve NFTs, and issue collectibles that adapt and respond to the environment. These “evolving” chain NFTs are self-contained with customizable, dynamic properties where users accumulate “experience points” by interacting with the larger Web3 space.
“We chose Celo as the home of Impact Cards because blockchains are more than just a new technology – they’re an opportunity to encode value into actions,” said Kames Geraghty, Impact Cards’ chief architect and ERC271K creator, and Friends of Pooly CTO. “The Celo ecosystem’s commitment to innovation and mission-driven founders and builders means we can work directly with people who are already making a difference.”
“We look forward to unlocking greater access to commons protocols on Celo through this Impact Cards alpha,” says Masha Healy, Celo Foundation’s Grant Operations Lead. “This breakthrough technology, with plans to track off-chain contributions, enables ReFi builders and projects to increase usability and composability, while better segmenting user data and product feedback – offering a unique, first-of-its-kind experience for users .”
Additional impact NFT projects at Celo include Ariswap, a mobile-first NFT marketplace actively creating educational and community NFT programs across Africa and LATAM through art, and Cyberbox, an NFT marketplace with ReFi integrations such as carbon offsetting in the chain.
About Celo
Celo is a carbon-negative, permissionless, layer-1 protocol with a rich ecosystem of global partners building innovative Web3 applications within the DeFi, ReFi and NFT sectors on Celo. Accessible to anyone with a mobile phone, the Celo ecosystem consists of a decentralized proof-of-stake blockchain technology stack (the Celo protocol), CELO’s native token, and several Mento stable assets (cUSD, cEUR, cREAL) that enable anyone to use digital assets as currency. Launched on Earth Day 2020, the open source Celo mainnet now supports 1000+ projects created by developers and artists around the world.
