Right after we discussed bridging NFTs cross layers, Vitalik posted his ideal solutions for solving the problem. Time is mature for hacking! The Cyphers (an ethOS delegation) launch a hackathon following the flow.
Some concepts:
erc20, erc1155 etc. are token standards universally used so far by the Ethereum community and many others
Time ago ethOS launched a "super standard" for token entities called ethITEM willing to somehow mix and take the best of all available standards. The result is a format that is all the previous one at the same time called in fact ethITEMS and perfect for many applications (not going into detail here)
ethITEMS will reach version 2.0 officially in the next weeks, introducing some new cutting edge functionalities
It is time to extend this new standard and its use to all Layers and to find a solution for a seamless control between different ones.
The Cyphers are a delegation supported by ethOS economy and are going to fund constant hackathons for the creation of public goods for the community.
The first Hackathon will tackle the problem of bridging items and more generically NFTs over the layers, with the aim of having this knowledge available for any of the future token standards we are going to use in this community.
If you are ready to accept the challenge stay tuned, more info coming in the next few days.
So far we have collected around 10k EUR prize for this first hack, more may come in the next weeks.
Any team involved in L2 solutions please drop a line in order for your layer not to be excluded by this event (you may also consider adding a bounty to the basket for the challengers showing interest for your chain!)
As always: Decentralize Disintermediate Integrate
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