How ITEM Standard works
ITEM is a new object standard on top of Ethereum. It synergizes the properties of the three most common interfaces—ERC20, ERC721, ERC1155—and is thus interoperable with all existing Ethereum applications. By taking advantage of the sophisticated engineering behind ERC1155s, ITEMs can be used as an ERC20, ERC721 or as an ERC1155 as required.
ITEMs don’t need centralized storage to save objectId info. NFT data is saved in a specific ERC20 token that can also work as a standalone one, and allow for the transfer of parts of an atomic object. The ERC20 implementation has a unique Token Id, and its supply is the entire supply of that Token Id.
EthItems are designed to be extendable. Every new Collection can be hosted by a specific wallet, or better yet by a Smart Contract that has the right to mint new Items. This allows all developers to build their own minting rules and create an entire decentralized application based on it in a totally reusable general-purpose way. This is because, for the first time, the application’s logic (e.g. for a videogame) is fully decoupled from the NFT implementation itself.
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