From ERC20, 721, 1155 to 3525, detail the road of RWA towards Web3 Mass Adoption

Before introducing ERC-3525, let’s first introduce what EIP and ERC are:
EIP, the full name of Ethereum Improvement Proposals, is a framework in the Ethereum community that allows anyone to suggest improvements or updates to the Ethereum network. These proposals can involve the Ethereum protocol itself or be related. Client API, or provide relevant standards for other projects in the Ethereum ecosystem.
ERC, the full name is Ethereum Request For Comment (Ethereum Request For Comment). ERC is a special type of EIP, which mainly focuses on application-level standards, such as smart contract design patterns, interface definitions, etc. These ERCs usually provide a standard template for Ethereum application developers to ensure that different projects and applications can have a shared interface or standard. Regarding the relationship between the two, simply speaking, all ERCs are EIPs, but EIPs are not necessarily all ERCs. EIPs cover a wider range of issues, including changes to the underlying protocol, etc.
ERC-3525 was created on December 1, 2020. It was designed by core members of Solv Protocol and supported by core developers of the Ethereum community. From the initial proposal to final acceptance by the community, the process lasted 20 months. After being improved through several drafts, it was finally officially adopted as an ERC token standard in September 2022. As an Ethereum standard created by a Chinese team as a core member, ERC-3525 has also ushered in a new round of peak attention in the industry. .
Comparison of existing ERC token standards - How to understand ERC-3525?ERC-3525 is a semi-fungible token (SFT) standard. When many people learn about ERC-3525 for the first time, they may think that it is a combination of ERC-20 and ERC-721, but in fact ERC-3525 is A cornerstone universal standard that even has overwhelming advantages over ERC-20, ERC-721 and ERC-1155 in some areas. Next, we will compare the key components of other token standards (the key components are ignored name, symbols and other attributes) as well as its advantages and disadvantages to help everyone understand ERC-3525.
ERC-20ERC-20 is one of the most widely used token standards in Ethereum, that is, fungible tokens, which means that each token is equal in functionality and value without any difference. That's why they are called "homogeneous". Stablecoins are an important example of ERC-20 applications. Each stablecoin is homogeneous and interchangeable, representing the same value.
Key components: address and value. Address is the address of the specified asset owner. Value represents the number of tokens owned by the address. Under the ERC-20 standard, each address (Address) can be associated with a balance (Value). This The balance represents the number of tokens held by this address, and all balances are the same without distinction.
Feature advantages: ERC-20 tokens correspond to fungible assets, just like traditional currencies or shares, which makes ERC-20 very useful in many applications, such as representing shares of a company or used as a decentralized exchange (DEX) trading pair. ERC-20 is also widely used in DeFi applications such as lending platforms and liquidity mining, and ERC-20 can be split in non-integer numbers, and you can own 0.5 ERC-20 tokens.
Limitations: Because ERC-20 tokens are fully fungible, this prevents them from being used to represent unique or non-fungible assets, such as art or collectibles.
ERC-721When it comes to ERC-721, we have to mention Non-Fungible Tokens (NFT). Well-known NFTs such as Boring Monkey and Azuki all belong to the ERC-721 standard, which describes non-fungible tokens. How tokens should be created and managed on the Ethereum blockchain.
Unlike ERC-20 tokens, where each unit is equivalent, each unit of ERC-721 tokens is unique and non-fungible, making them useful for representing unique digital or real-world assets such as works of art. , real estate, collectibles, etc.). The earliest NFT CryptoPunk was not the ERC-721 standard, but the ERC-20 standard. However, the emergence of CryptoPunk prompted the birth of ERC-721 and became the cornerstone of many valuable applications such as NFT.
Key components: tokenId and owner. tokenId is a unique identifier used to distinguish different ERC-721 tokens. owner is the address of the token owner. Under the ERC-721 standard, each token is different and unique, represented by the ID attribute. To distinguish, each ID is associated with an owner.
Feature advantages: ERC-721 tokens are non-fungible and each token is unique. This makes them ideal for representing unique items or assets, such as works of art, collectibles, real estate, or other unique assets. This also makes them valuable for creating and trading digital art and other unique digital assets.
Limitations: Due to the non-fungible nature of ERC-721 tokens, they cannot be effectively used to represent fungible assets such as currencies or shares, lack advantages in liquidity, are less composable and cannot be split, You cannot own 0.5 ERC-721 tokens.
ERC-1155ERC-1155 is a multi-instance token standard that combines the features of ERC-20 and ERC-721 and is designed to handle many different types of tokens more efficiently and flexibly. In the previous ERC-20 and ERC-721 standards, each different token required a new smart contract to be deployed. This means that if you want to create a new token, you need to deploy a new contract, which may bring duplication of code and expensive gas fees. Moreover, complex interactions may need to be handled between different contracts.
ERC-1155 provides a way to manage multiple tokens in a single smart contract, each token can be fungible (like ERC-20 tokens) or non-fungible (like ERC-721 tokens) , for example, in the game, you can use ERC-1155 to create different weapon types (non-fungible) such as sticks, knives, guns, and every weapon under each weapon type (non-fungible) is the same Qualitatively, knife No. 1 and knife No. 10 are exactly the same (homogeneous), but the knife and the gun are different (non-homogeneous).
Key components: id, value and owner. id is a unique identifier used to distinguish different ERC-1155 tokens, value represents the number of tokens with a specific id, and owner is the address of the token owner. Using weapons as an example, different types of weapons represent Different IDs, and the number of weapons under each weapon type (ID) is the Value, and the weapons (Value) under each type are the same.
Feature Advantage: ERC-1155 tokens can represent both fungible and non-fungible assets, making them useful in a range of applications. For example, a game might use ERC-1155 tokens to represent a player's gear type (non-fungible) and gear quantity (fungible).
Limitations: While the flexibility of ERC-1155 tokens makes them useful in many situations, this flexibility also makes understanding and implementing ERC-1155 potentially more complex than ERC-20 or ERC-721 and not representative of For assets that can be partially exchanged, such as bonds or futures, and where non-integer splits are not possible, you cannot own 0.5 ERC-1155 tokens.
ERC-3525ERC-3525 is a semi-fungible token (SFT) standard that combines the characteristics of ERC-20, ERC-721 and ERC-1155. It is more complex than ERC-1155, but It can be used to express and manage complex digital financial assets, such as securities, bonds, options, futures, swaps, insurance strategies, etc. Compared with other token standards, it is more composable. ERC-3525 represents a digital world The modeling idea can be understood from three levels: detachable and combined super NFT, universal digital container, and visualized smart contract.
Key components: id, value, Slot and Address. Each SFT has an ERC-721 equivalent id attribute to identify it as a globally unique entity so that SFTs can be transferred and approved between addresses in an ERC-721 compatible manner. In addition, each token also contains a value attribute, which represents the quantitative nature of the token, similar to the "balance" attribute of ERC-20 tokens.
Address represents an address with Slots and IDs. Each address can have any number and type of IDs and Slots. What is different is the Slot attribute. Values ​​with different IDs of the same Slot can be transferred and exchanged, but transfers and exchanges cannot be made between different Slots. A Slot can have many kinds of IDs, and different IDs There can only be one Slot.
The focus of ERC-3525 is Slot. Simply put, Slot represents a classification. There will be many IDs under the same Slot. Although each ID has its own Value, different IDs under the same Slot It can be regarded as the same and can be exchanged, combined and split. Take a membership card as an example. Suppose the membership card has two slots, one for KFC and one for McDonald's. Each KFC and McDonald's membership card has a different ID, representing the membership of different people. Cards such as Satoshi Nakamoto's card and Buterin's card, and each person's membership card has a Value to represent one of his points.
Take the membership card as an example. Suppose the membership card has two slots, namely KFC and McDonald's. Each KFC and McDonald's membership card has a different ID, which represents the membership card of different people, such as Satoshi Nakamoto's card and Buterin's card. And each person's membership card has a Value to represent one of his points.
Then under the same Slot, that is, in the KFC membership card, the points in Satoshi Nakamoto's card and the points in V God's card are regarded as the same thing. Satoshi can transfer points to V God's card and can also receive points from V God's card. For the points sent from the V God card, Satoshi Nakamoto can also split the points in his own point card into the main card and the secondary card (two different IDs, arbitrarily assign the point value), or he can divide the main card and the secondary card Merge back.
In different Slots, since KFC and McDonald's are two different companies, KFC's points cannot be transferred to McDonald's point card. Naturally, there is no transferability, exchangeability and exchangeability between Value and ID. Combinatoriality.
Feature advantages: Due to its more complex structure, ERC-3525 can be used to represent various complex digital structures such as securities, bonds, options, futures, swaps, insurance strategies, membership cards, etc. In addition, because it is a semi-fungible token, each token can have its own characteristics and rules, making this standard very flexible and powerful, and due to the existence of Slot, ERC-3525 can realize transfers from ID to ID , just like Satoshi Nakamoto’s point card transfers points to Buterin’s point card, and it also supports the splitting and combination of non-integer numbers.
Limitations: The complex structure of ERC-3525 results in a high threshold for understanding. Due to the existence of Slot, there are more centralized features in the technical structure. Development is more difficult
Understanding ERC-3525 from three levels is a digital world modeling ideaDue to its more complex structure compared to other token standards, ERC-3525 is a universal token standard that can create various complex token structures in the digital world through the composability of its data structure. Ability, just like using Lego bricks to create various complex models in the real world, it can be said that ERC-3525 represents a digital world modeling idea. If you want to deeply understand ERC-3525, you can understand it from three aspects: Detachable Combined super NFT, universal digital container, and visual smart contract.
Super NFT that can be split and combined:
ERC-3525 can express the three token standards of ERC-20, ERC-721 and ERC-1155 at the same time by simply converting its attributes, for example:
Express ERC-20: The Slot is the same, and the Value with only one ID can represent the homogeneous token.
Express ERC-721: Slot is different, and it can represent non-fungible tokens with only one ID
But ERC-3525 is more than that. On top of this, ERC-3525 can realize the splitting of non-fungible tokens. For example, a boring ape can be truly split into several parts instead of going through an additional contract. Realize NFT fragmentation. For most people who learn about ERC-3525 for the first time, the common understanding may be that ERC-3525 is a super NFT that can be split and combined. There is no problem in understanding ERC-3525 from this level, but This is just the tip of the iceberg and does not fully understand the greater potential of ERC-3525.
To understand that ERC-3525 is a universal digital container, you need to understand that ERC-3525 is an account abstraction. As mentioned above, in the case of membership cards, ERC-3525 can implement ID to ID For transfers, the internal ID is essentially an account, which has the functions of receiving, storing and sending, just like a basket filled with various digital assets. Since ERC-3525 is an abstract account, it means that we can separate and decouple the operation permissions of the ID in a certain slot and grant it to other wallet addresses, not just the owner of this ERC-3525 smart contract.
The difference between the account abstraction of ERC-3525 and the account abstraction of ERC-4337 is that ERC-4337 decouples the signature rights and ownership of smart contract wallets and can use customized signature methods to operate, such as implementing traditional account password operation wallets, etc. etc., while the account abstraction of ERC-3525 still relies on the EOA wallet account (a wallet operated using a private key) for operation, and an ID can only receive assets under the same Slot.
If the ID of ERC-3525 is understood as an account with receiving, storing and sending functions, it means that it can be used as a container for digital assets. Any digital asset can be poured into this universal digital container as a solution and become a Uniform solution, then the Value of this ID becomes a share of a basket of assets.
For example, in a Slot, container A (ID: A) is poured with 100 Bitcoins and 10 Ethereums. Then Bitcoin and Ethereum will become a uniform solution after entering the container as a solution. , if the Value of container A is evenly divided into ten parts, then each split container will contain the same 10 Bitcoins and 1 Ethereum. At this time, if the container is to be compared with another container that has a different composition of solution When containers (100 Doge) are combined, the solution in the new container represents 10 Bitcoins, 1 Ethereum and 100 Doge. Similarly, this container can continue to be split and combined, and the solution (Value) inside is Represents the share of this basket of assets.
Once you understand this layer, you can feel the magic of ERC-3525. Through its complex data structure and flexible composability, you can create countless complex token structures in the digital world, just like Russian matryoshka dolls. Similarly, many layers of assets can be nested repeatedly in the container, which is very suitable for expressing some structured financial assets such as ABS, MBS, etc.
Visual smart contract:
"ERC-3525 as a visual smart contract" is not difficult to understand. Similarly, comparing ERC-3525 to a container is equivalent to installing a real-time updating display on the container, which displays With all the information content and changes in this container, such as what ingredients are contained in the solution (which assets and what proportions), the visual characteristics can make it easier to manage and more transparent.
Although it only realizes the visualization of a smart contract, it looks very simple, but the meaning behind it is not simple. If ERC-3525 technology had been available and widely used before 2008, perhaps the financial crisis would not have happened. It happened, and we have to start with one of the triggers of the 2008 financial crisis, which was the financial derivatives chaos.
After the Internet bubble burst, the United States launched a low-interest and loose monetary policy to stimulate the economy, and low interest rates on loans will lead more people to take out loans. If you have seen a movie called "The Big Short", you should be deeply impressed by the scene in the movie: a person can get a loan from the bank to buy a house without any collateral or even in the name of his dog. Why is this Can outrageous situations happen? Aren’t banks afraid that these people won’t pay back their money? In fact, banks are really not afraid. This is all because there is a financial derivative called MBS.
A mortgage-backed security (MBS) is an asset-backed security whose income stream is derived from a group of mortgage assets, such as residential or commercial mortgages. These loans are packaged and sold by loan providers (such as banks) to special purpose entities (SPEs), which in turn convert them into securities that can be sold to investors.
This way of operating essentially packages a group of mortgages into a new financial product and sells it to investors. For banks, this operation can transfer the original loan risk and obtain cash by selling these packaged mortgage loans to earn interest rate differentials. Loans that are rated as high risk, such as loans with no income and no collateral, are called subprime loans. This is why the financial crisis of 2008 was called the “subprime crisis” because the defaults on many subprime loans led to the collapse of the MBS market.
So since mortgages can be packaged into financial assets, other loans (such as student loans, car loans, credit card loans) can naturally also be packaged into financial assets. Such assets are usually called asset-backed securities (ABS), MBS and ABS. The underlying logic of income from financial derivatives comes from the interest and principal repaid by lenders. These financial derivatives seem to have high returns, attracting a large number of investors, and problems arise.
Under this model that can transfer risks, banks only focus on the increase in loan quantity and ignore the importance of loan quality. Many higher-risk subprime loans are packaged into ABS and MBS. With the popularity of ABS and MBS, Financial institutions even began to create more complex financial derivatives - collateralized debt obligations (CDOs).
If ABS and MBS are financial assets packaged with many loans, then CDOs are financial assets packaged with ABS and MBS, forming more levels of financial products. Packaging assets of different qualities increases the diversity of the investment portfolio, and sets up inferior (higher yield but first bear the principal loss in the event of default) and senior (lower return but relatively safer principal in the event of default) Different repayment levels can theoretically increase the overall stability of the investment portfolio and obtain a better Sharpe ratio (risk-return ratio).
However, such complex financial products have made investors' understanding of their true risks more unclear, and the moral hazard of rating agencies has further aggravated the problem. Risk-rated assets are rated low-risk, which further increases risk.
In addition, insurance products such as credit default swaps (CDS) further insure, split, and repackage the different layers of CDO, and mix other assets such as CDS into the new CDO, which is called a synthetic CDO (Synthetic CDO). People have been so confused by the layers of nested financial derivatives that they have no idea what assets are behind them. Many subprime loans were mixed into many financial derivatives that were rated as low risk. The distorted ratings allowed high-risk assets to be matched with extremely low premiums. They were packaged and sold to various securities firms for various investments. People, the leverage ratio of the entire financial system is increasing rapidly and is becoming more and more shaky.
As the U.S. began to raise interest rates, interest rates on loans increased, causing many lenders to default. The problem was initially most apparent in the subprime loan market, however the problem quickly spread across financial markets as subprime loans were packaged in ABS, MBS and even CDOs. Many seemingly high-grade, low-risk financial derivatives were suddenly exposed to high default risks, and investors knew nothing about the real risks of these derivatives. Market confidence was severely hit, and a large-scale sell-off occurred in the financial market. It was one of the main triggers of the 2008 financial crisis.
This situation is caused by the disorderly, opaque and overly complex structure of financial markets. However, visual smart contracts like ERC-3525 can solve this problem. ERC-3525 can realize the nesting of complex financial derivatives, such as ABS, MBS and CDO. More importantly, its visualization feature allows people to directly see the specific ingredients contained in these complex nested products, which plays an important role in risk control.
In the 2008 scenario, no matter how complex an asset securitization product is, it can calculate a real-time and objective rating based on the yield default rate of its underlying assets. This increase in transparency, combined with the automatic execution of blockchain smart contracts, improves transaction security and trust and prevents the accumulation of systemic risks.
If ERC-3525 had been applied before 2008, then every investor and every market participant could clearly understand the specific situation of their investment, and perhaps the crisis of that year would not have happened. This shows how important the visual smart contract layer of ERC-3525 is to the future asset management of real-world assets on the chain (RWA).
Which ERC-3525 application areas deserve attention in the future?As a super NFT and universal digital container that can be split and combined, and has the characteristics of a visual smart contract, the core competitiveness of ERC-3525 lies in its ability to achieve incomparable flexibility and composability through data structure conversion. and ultimate transparency and ease of execution through visualization capabilities. This innovative structure gives ERC-3525 great advantages in some areas, including but not limited to:
Real-World Assets (RWA):
For the definition of real world assets (RWA), we can simply understand it as all assets outside the blockchain system, including but not limited to currency, stocks, bonds, commodities, funds and other securities assets, as well as real estate, art and Non-securities assets such as collectibles, agriculture, climate assets, and intangible assets such as carbon credits and intellectual property.
According to Citibank's latest research report "Money, Tokens and Games", it is expected that by 2030, up to US$5 trillion in funds may flow to new forms of digital currencies, such as central bank digital currencies (CBDC) and stablecoins, of which About half of the funding will likely be based on blockchain’s distributed ledger technology. This prediction focuses on the continued innovation of law and technology, and the tokenization of real-world assets (Real-World Asset Tokenization, referred to as RWA) is seen as a key driving factor leading the blockchain industry into a multi-trillion dollar market. In fact, any asset that can be assigned a value, whether it is red wine or financial assets, may be tokenized, using blockchain technology to achieve a significant increase in liquidity and global transactions.
ERC-3525 has significant advantages over real-world security assets. As a universal digital container, ERC-3525 can express almost all types of financial assets in the real world. Through the smart contract visualization function, it can clearly reveal the internal structure of these financial assets, greatly improving its transparency and intuitively reporting risks. Presented.
Not only that, in addition to traditional financial assets, ERC-3525 also shows a new possibility in supply chain finance. With its unique properties, ERC-3525 is able to tokenize various assets in the supply chain, including raw materials, production equipment, inventory, accounts receivable, etc. As one of the major narratives of the blockchain, the supply chain Spinach gives a practical application case to illustrate the subversiveness of ERC-3525 in supply chain finance:
In supply chain finance, factoring of accounts receivable is a common business model. It allows companies to sell accounts receivable to a third party (usually a factoring company) at a certain discount to obtain the necessary financing and improve their cash flow situation. However, in the traditional supply chain finance model, this kind of factoring service is usually only open to large companies and some reputable small and medium-sized enterprises, and it is often difficult for most small and medium-sized enterprises to enjoy this service.
The root cause of this problem lies in the problem of falsification of bills. Small and medium-sized enterprises generally lack sufficient credit support, and investors are unable to conduct reasonable risk control on a large number of small and medium-sized enterprises. As a result, small and medium-sized enterprises generally face financing problems in reality. If small and medium-sized enterprises cannot accept delayed payment of accounts, it will be difficult to receive orders from large enterprises. However, accepting orders from large enterprises will lead to tight liquidity of enterprises and increase cash. Risk of flow breakage.
Imagine if we tokenized payment notes in this scenario. With ERC-3525, we can create a pair of accounts: a payment account (Payable) and an accounts receivable account (Receivable). A payment channel similar to quantum entanglement is formed between the two accounts. As long as the buyer remits money to the payment account, the funds will be automatically distributed to the accounts receivable account through smart contracts. This means that no matter how many shares the accounts receivable is split into, no matter whose hands it ends up in, it will eventually be transferred to the accounts receivable account according to a predetermined proportion, which greatly increases the flow of supply chain financial factoring business ity and composability.
In the traditional supply chain financial factoring business, the authentication of bill authenticity has always been a difficult problem. In Western countries, bills are usually printed by individual companies rather than through unified channels, which makes it difficult to identify the authenticity of the bills. At the same time, it is difficult for banks to use accounts receivable notes as collateral, because every mortgage requires two companies to sign a contract to mortgage the income rights of the notes, and default involves the transfer of the payment object. This has greatly hindered most small and medium-sized enterprises from carrying out factoring business and financing.
However, the application of blockchain technology can change this situation. Through smart contracts, we can add a confirmation step to the invoicing process. Once confirmed, a ticket is generated with confirming signatures from both parties. This ensures that the ticket is generated in a state that has been confirmed by both parties. Considering that account arrears are actually equivalent to a form of loan provided by the seller to the buyer, if we can effectively solve the problem of the authenticity of the bill, the seller can rely on the buyer's creditworthiness to use this account receivable at a certain discount. The rate is sold to a factoring agency to obtain discounted payments.
For example, if a seller has an account receivable with a face value of 1 million yuan, and a factoring institution is willing to purchase this account at a 90% discount rate, the seller can immediately obtain a cash flow of 900,000 yuan. No need to wait for payment from the buyer. This process essentially accelerates the flow of cash flow by transferring credit risk, which is possible through ERC-3525 and blockchain technology.
With the traceability and transparency of the blockchain, the automatic execution and verification of smart contracts, and the execution convenience of ERC-3525, we can see that ERC-3525 is used in the tokenization of traditional financial assets, especially in supply chain finance. has significant advantages, but in the RWA track, the widespread application of blockchain technology requires more support from the government, regulated financial institutions and large companies, but this is also in line with the relatively centralized nature of ERC-3525’s technical structure. And with the continuous updating and improvement of middleware facilities such as oracles, real-world assets on the chain will be a major narrative in the future of ERC-3525, which is worthy of continued attention.
Virtual assets or commodities:
In addition to representing financial assets, ERC-3525 can also be used to represent virtual digital goods or projects, such as virtual land, upgradeable/combinable game items, virtual membership cards, gift cards, lottery tickets, etc. Among them, virtual land, game props and membership cards are areas worthy of attention. For the existing game props and virtual land systems, ERC-3525 has shown higher possibilities and flexibility, and ERC-3525 is backward compatible ERC-721 standard, which means that it will be easier for all protocols, platforms and wallets that support the ERC-721 standard to integrate ERC-3525, which has the potential to show higher reliability in the future combination of games and blockchain. Playfulness.
With the launch of the Starbucks Odyssey program, the integration of customer loyalty programs with Web3 has attracted a lot of attention. This can be understood as a points membership card system, and Starbucks has the world's leading customer loyalty program, with tens of millions of active members in the United States alone. It is worth noting that membership cards may become a key scenario for Mass Adoption of Web3, which will help attract a large number of users into the world of Web3.
From the earlier KFC and McDonald’s cases, we can see that the ERC-3525 token standard shows significant advantages in customer loyalty programs. It can realize collection, transfer and deposit operations from ID to ID, and its Value can well represent the points value in the membership card ID. Therefore, ERC-3525 has high potential in this application scenario and may achieve greater potential than other token standards in the future. .
Social, identity and tokenized accounts:
Because ERC-3525 is composable, it can express more data structures, which makes it possible to use semi-fungible tokens (SFT) to express social graphs in the current Web3 social field, such as protocols like Lens. More advantages than non-fungible tokens (NFT). In addition, using ERC-3525 to implement soul-bound tokens (SBT) can also express more attributes. For example, some specific data can be quantified in SBT, such as someone's contribution to an event.
In addition, ERC-3525, as an account abstraction and digital container, can be regarded as a "wallet" in itself. Therefore, in addition to having the functions of a normal blockchain wallet, ERC-3525 also provides other more imaginative functions. leaving room for innovation.
SummarizeAs a super NFT, a universal digital asset container, and a visual smart contract that can be split and combined, the positioning of ERC-3525 is not to solve the problem of value creation, but to solve the problem of value packaging. Digital assets can grow. A dynamic, information-rich interface that can be fragmented, merged, packaged, combined, and programmed.
ERC-3525 shows significant advantages in the future trend of Web3. Whether it is real world assets (RWA), customer loyalty programs, or gaming, ERC-3525 has significant potential. Especially in the subdivision of real-world assets such as supply chain finance, ERC-3525 has overwhelming advantages over other standards. These development directions deserve our continued attention.
Currently, ERC-3525 still faces some challenges and resistance:
1. The high degree of complexity leads to a high cognitive threshold, which hinders people’s general understanding and acceptance of ERC-3525.
2. ERC-3525 is more difficult to develop than standards such as ERC-20, ERC-721 and ERC-1155, and has higher requirements for entrepreneurial teams.
3. The application scenarios of ERC-3525 may involve governments and centralized guarantee institutions. It is a semi-centralized area and may conflict with the absolute decentralization spirit. The impact on the values ​​​​of the blockchain world is still unknown.
In any case, it is precisely because ERC-3525 has not yet attracted market attention and has great potential that it deserves our close attention. We look forward to ERC-3525 playing an important role in the future mass adoption of Web3.