OPENSEA UNVEILS STANDARDS FOR REDEEMABLE NFTS

Summary from the TLDR Crypto newsletter

OpenSea is developing a standard for redeemable NFTs and has launched four proposals for improvement. The company’s self-serve tool gives creators an option to add redeemability to their NFTs. Other features include trait redemption and offering off-chain redeemable NFTs. Although trading hasn't started, OpenSea provided a free redeemable NFT prototype for users to try until year-end.