Neo has announced that ZeroX Network will integrate support for the Neo ZeroX plans to bring its Derivable Asset Utilities NFT concept to Neo in the chain. the underlying character.
ZeroX Network provides a utility layer that sits on top of other blockchain networks and connects blockchain assets to traditional mobile and web applications. It is powered by the ERC-7276 standard, developed by ZeroX Network, which allows an underlying NFT to retain its on-chain functions but present itself differently in applications. This concept, known as a DAU, will allow digital assets to maintain dynamic on-chain states across multiple dApps.
Trading DAUs also pays royalties on the underlying asset, making it a form of passive reward generation.
Ultimately, the team wants to use ERC-7276 to power product offerings such as an explorer, a Web3 arcade, and a marketplace.
The ZeroX team has received industry recognition for developing this standard. In 2023, the team was a first place winner at the ETH Singapore Hackathon and finished in the top three at the BNB Chain Hackathon.
ZeroX developers have chosen to build their scalable, secure and developer-friendly blockchain infrastructure on Neo The team notes that
Looking ahead, Neo and ZeroX aim to build on technology alignment, strong community support, mutual focus on innovation, and a shared vision for mass adoption.
The full announcement can be found via the link below:
https://medium.com/neo-smart-economy/neo-welcomes-zerox-into-the-neo-x-ecosystem-8051c7c3ad34