Executive Summary: What Are xNFTs (Executable NFTs)?
In this article, I explain what xNFTs are - a new type of executable NFT on Solana that can function as web3 applications.
Summary:
What are xNFTs:
- NFTs that can run code inside them as web3 applications
- Interactive and dynamic unlike static regular NFTs
How xNFTs work:
- Built on Solana using React xNFT framework
- Code executed in secure isolated browser sandbox
Difference from regular NFTs:
- Can function as full applications or protocols
- Exclusive to Solana, not on other chains
Backpack Solana wallet:
- Hosts and runs xNFTs locally
- Developed by Coral to grow xNFT ecosystem
xNFT applications:
- Games utilizing NFTs as playable assets
- DeFi platforms accessible via xNFT
- Dynamic NFT collections like Mad Lads
Conclusion:
- xNFTs expand utility of NFTs as web3 applications
- But need compatible wallet like Backpack
Full article:
What Are xNFTs (Executable NFTs)? | CoinMarketCap
A new, programmable non-fungible token (NFT) standard that act as Web3 applications, built on Solana by the developers at Coral.
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