Composable NFTs/SFTs - MIP-1

Hey @chessucation!

Indeed, we will be able to update the URI and, therefore, the image and JSON of the NFTs.

You can read this MIP which goes more indepth on this topic:

From what I understand, this part is more focused on creating a Smart Contract standard that would allow, using the features from the MIP-5, to Merge and UnMerge NFTs!