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+# Event Logs
+
+Version `1.0.0`
+
+## Summary
+
+A standard interface for logging events including
+JSON, Binary and future formats. This addresses
+of the problem of duplicate events in inconsistent
+formats needing different logic to parse.
+
+## Motivation
+
+Near apps commonly log data on chain to be indexed
+off chain. For every kind of dApp, there are generic sets
+of information that are useful to index:
+- Wallet like Apps
+    - minting events
+    - transfer events
+- NFT Marketplace Apps
+    - Approval events
+    - Market events
+- etc
+
+Without this, it'll be hard to index useful
+information in general from apps. This
+creates inconsistent experiences.
+
+Event logs are strings consistent of 2 parts:
+- Event name
+    - e.g. `EVENT_JSON`, `EVENT_BINARY`
+- Event data
+    - Information about the event in native format
+
+Events can be represented in the following formats
+
+- JSON Data [NEP 256](https://github.com/near/NEPs/pull/256)
+
+
+### Event Interface
+```ts
+// Interface of an JSON event log
+//
+// Arguments
+// * `standard`: name of standard e.g. nep171
+// * `version`: e.g. 1.0.0
+// * `event`: NEP 256 event name e.g. `nft_mint` - [NEP 256](https://github.com/near/NEPs/pull/256)
+// * `data`: NEP 256 event - [NEP 256](https://github.com/near/NEPs/pull/256)
+interface EventJsonLog {
+  standard:string,
+  version:string,
+  event:string,
+  data: string
+}
+```
+
+## Drawbacks
+
+Other formats other than JSON are yet to
+be confirmed. https://github.com/near/NEPs/issues/254#issuecomment-928249174