**ANNOUNCEMENT**
*Token-2022 COMPATIBLE FAIR LAUNCH AND THE NEXT STEPS FOR LIBREPLEX*
Given that Solana token-2022 (aka Token Extensions) audits are now complete and token-2022 supports native metadata, the best way for LibrePlex to support fee-free and permissive-license metadata protocols is to give our full support to token-2022 from
@solanalabs.
One of the very cool things about token-2022 is that it's built entirely around interfaces - that means no more vendor lock-in when creating metadata. It really opens up the playing field for everybody. Token-2022 is also licensed under Apache 2.0 which makes us at LibrePlex very happy.
Token-2022 functionality overview
NOW
audited and deployed
Basic NFT / SPL Metadata (name, symbol, json url)
SOON
already built but not audited
Collections
THE FUTURE
still needs to be built
Royalty enforcement, on-chain attributes, digital asset licensing, dynamic rendering etc etc
Going forward, LibrePlex will focus on building / assisting to build any metadata extensions within the Token-2022 framework and on raising awareness of the possibilities of the new token standard.
Token-2022 Fair Launch
To coincide with this announcement, we have today released a version of the FairLaunch contract that produces Token-2022 metadata. When creating new fair launches, you will now be able to choose Token-2022 mints. For legacy / backwards compatibility, we will of course continue to support Metaplex NFTs as well.
Inscriptions and SPL-20
To be clear, LibrePlex Inscriptions are already fully compatible with both Token-2022 and Metaplex. The new Fair Launch is FULLY COMPATIBLE WITH SPL-20 style launches. We are therefore well placed to tackle the next, exciting phase in Solana metadata. The importance of Token-2022 cannot be overstated: it is an inevitable and crucial step towards vendor-independence, decentralisation and community ownership in Solana. We believe it will be enormously beneficial to NFT, DeFi and Developer communities alike.