Our standard will make it smoother for future builders to deploy RWAs because they can create digital assets more reflective of real-world assets. For example, the average car has 30K parts. The ERC-721 is unfit to manage all of the part changes and repairs to a vehicle. The ERC-6551 will own tokens that correlate to the 30K parts. This provides greater transparency when parts are swapped or repaired. Our project will release an SDK abstracting away the smart contract components of dynamic ERC-6551s. This allows developers to focus on building applications that track the events of products along their lifecycles. Core functions will include depositing, withdrawing, transferring, and listing tokens associated with ERC-6551 tokens.

Note our project is possible with and without an SDK. Our project cost with an SDK is $41,520 and without is $27,600. We can open source parts of our project at the lower cost option.