Platform is live, but a few updates are still in progress. If you spot an issue, reach out on Discord.
Published on Feb 13, 2022

Composable Token

Author: Rubin
#Glossary
icon-alt

Briefly, composable tokens are being heavily used within the market. As composable tokens follow the ERC-998 token standard, they share a similar resemblance to that of ERC-721, as both are non-fungible.

The difference is that ERC-998 tokens including composable tokens hold the ability to own other fungible and non-fungible tokens. Transferring the ownership of several coins to the parent token is possible with a composable token. As a holder, you can exchange many tokens with single ownership.

Composable tokens are made of two types. The top-down composable token can only be owned by an individual, whereas the bottom-up composable token is owned by another individual. As anyone can create composable tokens, third-party interference is quite predominant.


Join the Communitynorth_east
pattern-left
pattern-right
ethglobal-one
ethglobal-two
ethglobal-three
ethglobal-four
ethglobal-five
ethglobal-six
ethglobal-seven

Subscribe to receive Alpha!

Join 4.3k subscribers from renowned companies worldwide and get a weekly update in your inbox. Stay updated on the latest and finest projects and product updates.