thanks to author: Thomas Bergmueller (@tbergmueller), Lukas Meyer (@ibex-technology)
Asset-bound NFTs anchor a token 1-1 to an asset and operations are authorized through oracle-attestation of control over the asset.
This standard allows integrating physical and digital ASSETS without signing capabilities into dApps/web3 by extending ERC-721.
An ASSET, for example a physical object, is marked with a uniquely identifiable ANCHOR. The ANCHOR is bound in a secure and inseperable manner 1:1 to an NFT on-chain - over the complete life cylce of the ASSET.
Through an ATTESTATION, an ORACLE testifies that a particular ASSET associated with an ANCHOR has been CONTROLLED when defining the to-address for certain operations (mint, transfer, burn, approve, …). The ORACLE signs the ATTESTATION off-chain. The operations are authorized through verifying on-chain that ATTESTATION has been signed by a trusted ORACLE. Note that authorization is solely provided through the ATTESTATION, or in other words, through PROOF-OF-CONTROL over the ASSET. The controller of the ASSET is guaranteed to be the controller of the Asset-Bound NFT.
The proposed ATTESTATION-authorized operations such as transferAnchor(attestation) are permissionless, meaning neither the current owner (from-address) nor the receiver (to-address) need to sign.