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Update applications/chain-extension-suite.md
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Co-authored-by: S E R A Y A <[email protected]>
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deep-ink-ventures and takahser authored Dec 12, 2023
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Expand Up @@ -177,7 +177,7 @@ If this grant is successfully implemented and received well by the community, we

The Substrate framework's FRAME provides `pallet_assets` for fungible tokens and `pallet_nfts` for non-fungible tokens (NFTs), aligning with the prevalent token standards in the blockchain domain. On the smart contract side, ink! adheres to PSP-22 for fungible tokens and PSP-34 for NFTs.

Within the objective of this grant we develop `pallet_assets_extensions` and `pallet_nft_extensions`. These extensions aim to expose chain extension functionality for `pallet_assets` and `pallet_nft`, thereby creating a bridge for enhanced interaction between the Substrate runtime and the smart contract environment of ink!.
Within the objective of this grant we develop `pallet_assets_extensions` and `pallet_nfts_extensions`. These extensions aim to expose chain extension functionality for `pallet_assets` and `pallet_nfts`, thereby creating a bridge for enhanced interaction between the Substrate runtime and the smart contract environment of ink!.

The envisioned extensions will include ready-to-go contracts for the ink! ecosystems, facilitating a seamless integration and interaction between the substrate runtime and smart contracts, adhering to the respective token standards. This initiative seeks to automate and standardize the chain extension process for fungible and non-fungible tokens within the Substrate ecosystem, thereby fostering an environment of ease and efficiency for developers working across these platforms.

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