Understanding NFTs from EIP Standards

• URL: http://arxiv.org/abs/2508.07190v1
• Date: Sun, 10 Aug 2025 05:46:11 GMT
• Title: Understanding NFTs from EIP Standards
• Authors: Minfeng Qi, Qin Wang, Guangsheng Yu, Ruiqiang Li, Victor Zhou, Shiping Chen,
• Abstract summary: We argue that the technical foundations of non-fungible tokens (NFTs) remain inadequately understood.<n>We present the first study of NFTs through the lens of Improvement Proposals (EIPs)<n>We conduct a large-scale empirical analysis of 191 NFT-related EIPs and 10K+ Magicians discussions.
• Score: 2.638190640305931
• License: http://creativecommons.org/licenses/by/4.0/
• Abstract: We argue that the technical foundations of non-fungible tokens (NFTs) remain inadequately understood. Prior research has focused on market dynamics, user behavior, and isolated security incidents, yet systematic analysis of the standards underpinning NFT functionality is largely absent. We present the first study of NFTs through the lens of Ethereum Improvement Proposals (EIPs). We conduct a large-scale empirical analysis of 191 NFT-related EIPs and 10K+ Ethereum Magicians discussions (as of July, 2025). We integrate multi-dimensional analyses including the automated parsing of Solidity interfaces, graph-based modeling of inheritance structures, contributor profiling, and mining of community discussion data. We distinguish foundational from emerging standards, expose poor cross-version interoperability, and show that growing functional complexity heightens security risks.

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