Metaplex Introduces New NFT Standard Core on Solana

According to Foresight News, Metaplex, a Solana-based NFT platform, has announced the launch of a new NFT standard called Core on Solana. Core is now live on Devnet and is specifically designed for NFTs, allowing key data to be stored in a single on-chain account. The aim of Core is to reduce computational requirements, increase throughput, and help improve the efficiency of the Solana network. In addition, Metaplex has announced that 50% of the protocol fees will be used to purchase MPLX tokens and send them to the Metaplex DAO to promote a fully decentralized token economy.