Futuristic ERC-998 NFT Token Standards

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In simple terms, composable means to combine. Now
in cryptocurrencies, composable tokens mean a
token that can represent more than one digital
asset. All the ERC tokens can be composed into a
single ERC-998 representing a group of similar
assets (ERC-20 tokens), an assortment of unique
assets (ERC-721 tokens) a combination of both,
which can then be traded in a single
transaction. Non-Fungible tokens have moved a
step ahead, putting on an extra layer of twist in
the world of digital assets. A single ERC-998
token is a cluster of the token. Folks around the
world are using it on their gaming, luxury, etc.,
platform.As we have taken the example of games,
how ERC-998 helps to sell off several assets
under one umbrella. Lets elaborate on it for
deep understanding.
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Lets consider the virtual avatar as the central
NFT that can be furnished with various digital
items and accessories, thus adding the virtual
avatars value. This will increase the value of
the avatar, and you can pull off a great deal
through one single transaction with one single
asset in exchange for your time and effort.
In this case, the single NFT central token acts
as a supplementary asset along with additional
ERC-20 or ERC-721 tokens.
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Every single part of an NFT product is unique.
But, when they are broken into pieces, they
technically do not possess any value. The actual
product combinedly holds the value. For example,
watches and jewelry. When all the parts of a
watch are combined, its worthy, otherwise just
garbage.
When multiple components of ERC come together,
they will represent a single entity, ERC-998.
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The ERC-998 is a collection of 1st generation
models of ERC-721, the second-generation model of
ERC-721, and the third-generation model of
ERC-721. If treated individually, they are simply
an ERC-721 model, but together they set a new
standard of ERC-998.
A collection of things that are worthy when in a
group and worthless when are single.
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• Art industry
• Gaming industry
• Retail sector
• Entertainment industry
• Real-estate sector
• E-commerce

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