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This PR introduces IERC721Value, a proposed ERC extension that enables embedding native ETH directly within ERC-721 tokens.

It links artistic and cultural assets with real ETH collateral, allowing NFTs to act as verifiable stores of embedded on-chain value.

Discussion thread: https://ethereum-magicians.org/t/draft-erc-ierc721value-embedding-native-eth-inside-erc-721-tokens/25979
Reference implementation: https://github.com/ten-io-meta/TENIO-Fragment

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eip-review-bot commented Oct 27, 2025

File ERCS/erc-8060.md

Requires 1 more reviewers from @g11tech, @SamWilsn, @xinbenlv

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Author’s note

This proposal is not theoretical — it is based on a verified mainnet deployment.

IERC721Value originates from the TEN.IO project, which introduced the first NFT contract on Ethereum Mainnet with embedded native ETH collateral and reversible burn mechanics.

The implementation has been publicly verified since June 28, 2025, under contract address
0x7c88fabe05fd373d56a728f9896f87ede10db789
.

This ERC formalizes that mechanism as a general standard for verifiable ETH-backed cultural assets — connecting artistic meaning with on-chain economic energy.

Reference repository: TEN.IO-Fragment

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Technical rationale

The IERC721Value interface introduces a direct native-ETH embedding layer within ERC-721 tokens.

Each mint transaction carries real ETH as collateral (msg.value), which becomes permanently bound to the tokenId within the contract storage.

The contract ensures:

1:1 verifiable balance: valueOf(tokenId) always matches the ETH held on-chain.

Reversible collateralization: When a holder executes burn(tokenId), the token is destroyed and the embedded ETH is released back to the same address.

Non-inflationary design: No additional supply or synthetic wrapping — ETH remains native, not represented as an ERC-20.

This architecture enables NFTs to serve as programmable ETH reservoirs — verifiable stores of both artistic and economic energy.
It maintains ERC-721 compatibility and can integrate seamlessly into DeFi or cultural registries without external or custodial layers.

ten-io-meta and others added 3 commits October 27, 2025 11:51
Co-authored-by: Andrew B Coathup <[email protected]>
Co-authored-by: Andrew B Coathup <[email protected]>
Co-authored-by: Andrew B Coathup <[email protected]>
@github-actions github-actions bot added w-ci and removed w-ci labels Oct 27, 2025
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Gracias @abcoathup por tu orientación.

El archivo se renombró correctamente a eip-8060.md y todos los metadatos se actualizaron como corresponde.

El error de CI parece estar relacionado con la ruta obsoleta (draft_ierc721value.md), que ya no existe después del cambio de nombre.

Ahora todo debería estar alineado con la estructura del repositorio EIP, listo para revisarse cuando sea conveniente.

— Ten.IO

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Adding an English note for clarity —

Thank you @abcoathup for your guidance.
The file has been successfully renamed to eip-8060.md and all metadata have been updated accordingly.

The CI error seems to be related to the outdated path (draft_ierc721value.md), which no longer exists after the rename.

Everything should now be aligned with the EIP repository structure — ready for re-review whenever convenient.

— Ten.IO

@github-actions github-actions bot added w-ci and removed w-ci labels Oct 30, 2025
@github-actions github-actions bot removed the w-ci label Oct 30, 2025
@github-actions github-actions bot added the w-ci label Oct 30, 2025
@eip-review-bot eip-review-bot changed the title Add draft ERC: IERC721Value — Embedding native ETH inside ERC-721 tokens Add ERC: ERC-721 Value — Native ETH embedding inside ERC-721 tokens Oct 30, 2025
@github-actions github-actions bot removed the w-ci label Oct 30, 2025
@eip-review-bot eip-review-bot changed the title Add ERC: ERC-721 Value — Native ETH embedding inside ERC-721 tokens Add ERC: ERC-721 Value: Native ETH in NFTs Oct 30, 2025
@github-actions github-actions bot added the w-ci label Oct 30, 2025
@eip-review-bot eip-review-bot changed the title Add ERC: ERC-721 Value: Native ETH in NFTs Add ERC: ERC721Value — Native ETH embedding in ERC721 tokens Oct 30, 2025
@github-actions github-actions bot added w-ci and removed w-ci labels Oct 30, 2025
@eip-review-bot eip-review-bot changed the title Add ERC: ERC721Value — Native ETH embedding in ERC721 tokens Add ERC: Native ETH embedding in NFTs Oct 30, 2025
@github-actions github-actions bot added w-ci and removed w-ci labels Oct 30, 2025
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The commit a8a134e (as a parent of 1fb6a01) contains errors.
Please inspect the Run Summary for details.

@github-actions github-actions bot removed the w-ci label Oct 31, 2025
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All CI checks have successfully passed.
Requesting editorial review from @eip-editors.

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