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README.md

CIP Title Status Category Authors Implementors Discussions Created License
25
Media Token Metadata Standard
Active
Tokens
Alessandro Konrad <[email protected]>
N/A
2021-04-08
CC-BY-4.0

Abstract

This proposal defines an Media Token Metadata Standard for Native Tokens.

Motivation: why is this CIP necessary?

Tokens on Cardano are a part of the ledger. Unlike on Ethereum, where metadata can be attached to a token through a smart contract, this isn't possible on Cardano because tokens are native and Cardano uses a UTxO ledger, which makes it hard to directly attach metadata to a token. So the link to the metadata needs to be established differently.

Cardano has the ability to send metadata in a transaction, allowing the creation of a link between a token and the metadata. To make the link unique, the metadata should be appended to the same transaction, where the token forge happens:

Given a token in a EUTXOma ledger, we can ask “where did this token come from?” Since tokens are always created in specific forging operations, we can always trace them back through their transaction graph to their origin.

—Section 4 in the paper UTXOma:UTXO with Multi-Asset Support

That being said, we have unique metadata link to a token and can always prove that with 100% certainty. No one else can manipulate the link except if the policy allows it to (update mechanism).

Specification

This is the registered transaction_metadatum_label value

transaction_metadatum_label description
721 Token Metadata

General structure

The structure allows for multiple token mints, also with different policies, in a single transaction.

{
  "721": {
    "<policy_id>": {
      "<asset_name>": {
        "name": <string>,

        "image": <uri | array>,
        "mediaType": image/<mime_sub_type>,

        "description": <string | array>,

        "files": [{
          "name": <string>,
          "mediaType": <mime_type>,
          "src": <uri | array>,
          <other_properties>
        }],

        <other properties>
      }
    },
    "version": <version_id>
  }
}

CDDL

Version 1
Version 2

  • In version 1 the asset_name must be utf-8 encoded and in text format for the key in the metadata map. In version 2 the the raw bytes of the asset_name are used.

  • In version 1 the policy_id must be in text format for the key in the metadata map. In version 2 the the raw bytes of the policy_id are used.

  • The name property is marked as required.

  • The image property is required and must be a valid Uniform Resource Identifier (URI) pointing to a resource with mime type image/*. Note that this resource is used as thumbnail or the actual link if the token is an image (ideally <= 1MB). If the string representing the resource location is >64 characters, an array may be used in place of a simple JSON string type, which viewers will automatically concatenate to create a single URI.

    • Please note that if distributed storage systems like IPFS or Arweave are used it is required to use a URI containing the respective scheme (e.g., ipfs:// or ar://) and not merely the content identifier (CID) as token viewers may not be able to locate the file.
      • Valid identifiers would include:
        • "https://cardano.org/favicon-32x32.png"
        • "ipfs://QmbQDvKJeo2NgGcGdnUiUFibTzuKNK5Uij7jzmK8ZccmWp"
        • ["ipfs://", "QmbQDvKJeo2NgGcGdnUiUFibTzuKNK5Uij7jzmK8ZccmWp"]
      • Invalid identifiers would include:
        • "cardano.org/favicon-32x32.png"
        • "QmbQDvKJeo2NgGcGdnUiUFibTzuKNK5Uij7jzmK8ZccmWp"
        • ["Qm", "bQDvKJeo2NgGcGdnUiUFibTzuKNK5Uij7jzmK8ZccmWp"]
    • If an inline base64-encoded image will be used, the data must be prepended with a valid data:<mime_type>;base64 prefix as specified by the data URL scheme standard to indicate the image is an inline data object
    • See the OpenSea "IPFS and Arweave URIs" section in their reference guide for more helpful information on the topic.

  • The description property is optional.

  • The mediaType and files properties are optional.
    mediaType is however required inside files. The src property inside files is an URI pointing to a resource of this mime type. If the mime type is image/*, mediaType points to the same image, like the on in the image property, but in an higher resolution.

  • The version property is also optional. If not specified the version is 1. It will become mandatory in future versions if needed.

  • This structure really just defines the basis. New properties and standards can be defined later on for varies uses cases. That's why there is an "other properties" tag.

  • The retrieval of the metadata should be the same for all however.

Optional fields allow to save space in the blockchain. Consequently the minimal structure for a single token is:

Version 1

{
  "721": {
    "<policy_id>": {
      "<asset_name>": {
        "name": <string>,
        "image": <uri | array>
      }
    }
  }
}

Version 2

{
  "721": {
    "<policy_id>": {
      "<asset_name>": {
        "name": <string>,
        "image": <uri | array>
      }
    },
    "version": 2
  }
}

References

Rationale: how does this CIP achieve its goals?

Retrieve valid metadata for a specific token

As mentioned above this metadata structure allows to have either one token or multiple tokens with also different policies in a single mint transaction. A third party tool can then fetch the token metadata seamlessly. It doesn't matter if the metadata includes just one token or multiple. The procedure for the third party is always the same:

  1. Find the latest mint transaction with the label 721 in the metadata of the specific token that mints a positive amount of the token
  2. Lookup the 721 key
  3. Lookup the Policy Id of the token
  4. Lookup the Asset name of the token
  5. You end up with the correct metadata for the token

Update metadata link for a specific token

Using the latest mint transaction with the label 721 as valid metadata for a token allows to update the metadata link of this token. As soon as a new mint transaction is occurring including metadata with the label 721 and a positive amount of the token, the metadata link is considered updated and the new metadata should be used. This is only possible if the policy allows to mint or burn the same token again.

Since modern token policies or ledger rules should generally make burning of tokens permissionless, the metadata update is restricted to minting (as in positive amounts) transaction and excludes burning transactions explicitly.

Backward Compatibility

To keep token metadata compatible with changes coming up in the future, we use the version property. A future version will introduce schema.org.

Path to Active

Acceptance Criteria

  • Support of this NFT definition in a commercially significant number and variety of NFT-related services and wallets.
  • Evolution of this document and standard beyond its early adoption and use cases (up through the point when alternative NFT standards have emerged).

Implementation Plan

  • Promulgation of this standard among NFT creators, minting services, token analytic / query services, and wallets.

Copyright

This CIP is licensed under CC-BY-4.0.