Metaplex Core NFTs

What is Metaplex Core?

Metaplex Core is the new NFT Standard by Metaplex Foundation. Compared to other Standards, including our own Token Metadata Program, it has the following advantages:

Unprecedented Cost Efficiency: Metaplex Core offers the lowest minting costs compared to available alternatives. For instance, an NFT that would cost .022 SOL with Token Metadata or .0046 SOL with Token Extensions can be minted with Core for .0029 SOL.

Low Compute: Core Operations have a small Compute Unit Footprint. This allows more Transactions to be included into one block. Instead of 205000 CU for minting Core requires just 17000 CU.

Single Account Design: Instead of relying on a fungible Token Standard like SPL Token or Token extensions (aka Token22) it is focusing on the needs of a NFT Standard. This allows the Program to just use a single Program that also tracks the owner.

Enforced Royalties: Core allows you to

enforce Royalties⁠

by default.

First Class Collection Support: Assets can be grouped into

Collections⁠

. While this is also possible with Token Metadata in Core Collections are their own Asset class and now allow additional features like the following:

Collection Level Operations: Core allows you to do changes for all Assets on collection level. For example freeze Assets or change royalty details with a single Transaction instead of requiring every single asset separately!

Advanced Plugin Support: From built-in staking to asset-based point systems, the plugin architecture of Metaplex Core opens up a vast landscape of utility and customization. Plugins allow developers to to hook into any asset life cycle event like create, transfer and burn to add custom behaviors. You can add Plugins to your Assets. E.g. delegate permissions or add On-Chain Attributes that are automatically indexed by DAS.

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