#952 new
solharry12 (at gmail)

ERC-6551: New smart contract wallets to create NFT tokens smartly

Reported by solharry12 (at gmail) | May 25th, 2023 @ 01:18 AM

Let’s find out how ERC-6551 is altering the NFT market!
ERC-6551 is now here to hold other assets, interact with smart contracts, and a lot more. ERC-6551 is a brand-new token standard for non-fungible tokens (NFTs) that has the potential to revolutionize the industry. Very soon, NFTs might turn out to be more than profile pictures (PFPs) and open doors to create NFT tokens and take your NFT journey to the next level.

ERC-6551 tokens are wallets for smart contracts. That implies ERC-6551s can hold tokens and other NFTs very much like an ordinary brilliant agreement wallet can. Transactions are the same way. A permissionless registry is used to create and manage these so-called token-bound accounts (TBAs), which are compatible with existing ERC-721 NFTs.

Common use cases of ERC-6551:
Fully on-chain identities

Source: https://nftdevelopmentcompany.blogspot.com/2023/05/erc-6551-token-t...

No comments found

Please Sign in or create a free account to add a new ticket.

With your very own profile, you can contribute to projects, track your activity, watch tickets, receive and update tickets through your email and much more.

New-ticket Create new ticket

Create your profile

Help contribute to this project by taking a few moments to create your personal profile. Create your profile ยป

Ruby Acceptance Testing for Web applications.

Shared Ticket Bins

People watching this ticket