Multiwrap

Bundle multiple ERC721/ERC1155/ERC20 tokens into a single ERC721 token.

The Multiwrap smart contract, designed by ThirdWeb, facilitates the wrapping of ERC20, ERC721, and ERC1155 tokens into a new wrapped ERC721 NFT. This wrapped NFT can be later unwrapped (burned), reverting it back into the original underlying tokens.

Key Features

  1. Token Wrapping: Multiwrap supports the wrapping of various token standards, including ERC20, ERC721, and ERC1155.

  2. Wrapped NFT Functionality: The resulting wrapped NFT is itself an ERC721 token with customizable metadata such as name, image, and description.

  3. Unwrapping Capability: Users can burn the wrapped NFT to retrieve the original tokens.

OpenSea Compatibility

OpenSea does not automatically distribute royalties or creator fees for smart contracts. For OpenSea compatibility, a version of the contract is available here. Ensure you use this OpenSea-compatible version if you intend to leverage creator fees on the OpenSea marketplace.

Use Cases & Examples

The Multiwrap contract is versatile and can be applied in various scenarios. Some examples include:

  1. NFT Aggregation:

    • Use Case: Merge multiple ERC721 or ERC1155 tokens into a single wrapped ERC721 NFT.

    • Explanation: Users can consolidate their NFT holdings into a single, easily manageable asset, simplifying portfolio organization and reducing clutter.

  2. Cross-Token Trading:

    • Use Case: Wrap ERC20 tokens along with ERC721 tokens for seamless trading on NFT marketplaces.

    • Explanation: Facilitates the exchange of tokenized assets across different standards, enabling users to diversify their holdings and participate in diverse markets.

  3. Customizable Collectibles:

    • Use Case: Create unique, customizable collectibles by wrapping NFTs with personalized metadata.

    • Explanation: Artists and creators can enhance the aesthetic appeal of their NFTs by assigning custom names, images, and descriptions, adding value to the collectibles.

  4. Tokenized Asset Bundles:

    • Use Case: Bundle multiple tokens together transparently, revealing the contents to the user.

    • Explanation: Game developers can create in-game bundles with visible contents, enhancing user engagement and providing transparency in virtual asset transactions.

  5. Token-backed Loans:

    • Use Case: Use wrapped ERC721 NFTs as collateral for decentralized finance (DeFi) loans.

    • Explanation: Enables users to leverage their tokenized assets for obtaining loans, unlocking liquidity without selling the underlying tokens.

  6. Dynamic NFT Combinations:

    • Use Case: Dynamically combine different NFTs to create unique and evolving digital art.

    • Explanation: Artists and collectors can experiment with combinations, introducing an element of unpredictability and rarity to their NFT creations.

  7. Royalty Distribution Mechanism:

    • Use Case: Implement a decentralized royalty distribution model for content creators.

    • Explanation: Content creators can set up royalty structures, ensuring they receive a share of the revenue from secondary sales of their NFTs automatically.

  8. Community-based NFT Projects:

    • Use Case: Engage communities by allowing them to collectively create and manage a wrapped ERC721 NFT.

    • Explanation: Empowers communities to collaborate on NFT projects, fostering a sense of ownership and participation.

  9. In-Game Tokenization:

    • Use Case: Tokenize in-game assets and resources, enabling players to trade them easily.

    • Explanation: Game developers can introduce an in-game economy where players can trade tokenized assets, enhancing the gaming experience and creating new monetization opportunities.

  10. Event Ticketing with NFTs:

    • Use Case: Issue event tickets as NFTs with customizable metadata using the Multiwrap contract.

    • Explanation: Provides a secure and verifiable method for ticketing, allowing event organizers to enhance the overall experience and combat ticket fraud.

Deploying this contract

During deployment, the following parameters are specified for the Multiwrap contract:

  1. Contract Metadata:

  • Name: [Enter Contract Name]

  • Symbol: [Enter Contract Symbol]

  • Description: [Enter Contract Description]

  • Image: [Upload Image File]

  1. Royalties:

  • Creator: Set the address of the contract deployer / creator.

  • Recipient Address: [Specify the address to receive revenue from royalties on secondary sales of the assets.]

  • Percentage: [Set your royalty percentage for each sale.]

Usage Guidelines

  • Ensure you provide accurate and distinguishing metadata for your contract to organize and differentiate it from others.

  • Specify the recipient address for royalties to ensure seamless revenue distribution from secondary sales.

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