NFTs are becoming so much more than just JPEGs.
In many ways, for NFTs, it's like the joke about Bitcoin, that it has already died X number of times.
Except for NFTs, most people think they are still dead.
The T in NFT stands for token. For me, tokens are the killer app of blockchains.
At this point, the heads of banks are saying that the future of finance is tokenization, but not a lot of people include NFTs in that picture.
NFTs are one-of-one tokens, and there are a lot of assets that are one-of-ones. A house is a one-of-one. A car is a one-of-one because every car has a unique condition.
Recently, NFTs have been used as the root of identity for AI agents. The tokenization of agents has a potential TAM (total addressable market) of basically the sum total of all current and future labor. It's a giant market.
I think that 2026 will, in many ways, be considered the year that NFTs stopped being just JPEGs and started to be part of the larger tokenization narrative that will eventually lead to all the world's assets, including labor, coming onchain.
What is Loopers?
This is the first agent NFT project on Base, that is using, 721T and 8004a (ERC-8048/ERC-8217).
Each NFT is a profile for an agent with a full set of metadata using a standard that clients will be able to consume.
Does the agent have an MCP endpoint? â
Does the agent have wallet? â
Does the agent have a TBA where it keeps its assets? â
Can I learn what this agent does â
Can I discover this agent on the ERC-8004 registry? â
Over the last year, the blockchain and ai community have been working towards finding a standard for agent identity.
Some of the ideas include, agents having:
1. A token with an owner
2. a universal ID where 1 agent = 1 ID
3. agent metadata and context
4. endpoints (i.e. MCP)
5. wallets for payment
6. token bound accounts to hold assets (i.e. TBAs).
7. discoverability of agents and agent reputation
We are very close to getting the standards and systems in place to be able to build tokenized agents at scale, but we don't yet have all projects using the same standards.
What is 721T + 8004a?
Many projects want their agent metadata to live onchain "in" their own NFT collection. 721T (ERC-8048) makes that possible by adding agentic metadata to any ERC-721 contract, either before deployment or after.
Projects also want to be discoverable and create reputations for their agents. 8004a (ERC-8217) binds NFTs from independent collections to ERC-8004 identities, allowing for discoverablitty.
How do these standards work for the above list of needs?:
1. NFT collections using 721T
2. COMING SOON! to 8004a
3. 721T and 8004a metadata
4. 721T and 8004a metadata
5. 721T and 8004a metadata
6. ERC-6551 and 721T/8004a metadata
7. 8004a (binding to ERC-8004 identities)
I look forward to many more agent NFT projects launching in 2026, and also look forward to them all consolidating on a single standard.
721T/8004a has projects building on it today, and more to come.
Interoperable addresses, ERC-7930 and ERC-7828, will mean that "Send me $50" finally has an address that tells you where to send it:
premm.eth@base
The Ethereum Foundation is leading the way.