Solana is the first blockchain to get composable NFTs through the NFT Canvas

There are many ways to approach the non-fungible token industry as a collector or investor. One can either pay top dollar for the NFT they want, or try their luck by creating a random asset and hope for the best. Fortunately, there is now a third option thanks to NFT Canvas.

A new way to get appealing NFTs

It is challenging for newcomers to enter the NFT area without either significant capital or a high risk appetite. Mining an NFT when the collection has yet to be unveiled is not that different from buying a video game loot box and crossing your fingers and toes for something good. Unfortunately, most embossed assets will not have the look, feel or characteristics a user desires, forcing them to look for other solutions.

One such solution is never to mint NFTs and only market buy assets with desired characteristics. It’s a slow and steady approach to potentially monetizing non-fungible tokens, although it can be costly. For example, those who buy a Bored Ape today will pay over 100 ETH, while the coin price was 0.05%. A steep premium is associated with choosing the NFT that suits your individual needs.

Neither of these options will cater to mainstream users anytime soon. While the non-fungible token industry saw tremendous growth in 2021, it remains an industry that caters to crypto enthusiasts rather than everyday consumers. That situation may change over time, but there is too much “randomness” in the industry today to create a strong appeal. In addition, traits will always be randomized to give everyone an equal chance to impress the traits they want.

It is very difficult to change these core aspects of the NFT industry. Nevertheless, something must change if the sector is to gain traction in the coming years. Giving users more control and flexibility is, as illustrated by the NFT Canvas, the easiest way to solve these shortcomings. The NFT Canvas tool, developed by the same team that builds Plutonian’s play-to-earn game, could shake up the non-fungible token industry in different ways.

Flexible metadata for wider appeal

At its core, an NFT contains metadata stored on the internet and secured by a blockchain. This metadata will contain the unique information of your NFT, but there is no way to customize the data. Doing so would diminish the immutable nature of blockchain technology and set rather unpleasant precedents.

However, NFT Canvas shows that there is a way to give users more customization options. The technology stack, designed for the Solana blockchain, will allow users to combine and decombine NFTs. Especially the last aspect is crucial, since users can undo their new combination at any time. That makes it very different from traditional ways of combining NFTs into a new resource, which require users to destroy their first non-fungible tokens.

The NFT Canvas approach applies to many use cases in the non-fungible token industry. Don’t like the headgear of your favorite profile picture NFT? Replace it with another one! Want your utility-focused NFT to offer more personalized benefits? Combine a few NFTs from that collection and adjust the results accordingly. There will be unprecedented composability and personalization, two aspects the non-fungible token industry lacks today.

All activity involving NFT Canvas takes place on the chain. Also, it does not compromise the immutable nature of the Solana blockchain. Everything will be registered in a transparent way and has the possibility of being undone by the owner of the asset. Furthermore, thanks to Solana’s speed and low fees, users can construct and deconstruct NFTs as they see fit and find new potential combinations.

You are in control

While NFTs are designed to showcase the power of true digital ownership, NFT Canvas goes one step further. It enables users to unlock values ​​in ways not available before, while giving them full control over whether to keep the result or deconstruct it again. It’s the highest degree of control many people had hoped to see built into first-generation NFTs, but ultimately failed to obtain.

Introducing this degree of composability can benefit various industry verticals that integrate NFT technology. It paves the way for new gaming experiences – Plutonians is the first game to utilize NFT Canvas – or avatar-based experiences like CoinBoi. However, the technology has wider implications for membership, finance, commerce and everything else.

The next era of non-fungible tokens is here, and it will ensure you have more control than ever before.