Web3 Galaxy Brain 🌌🧠 EIP-6551 with Jayden Windle and Benny Giang
Jayden Windle and Benny Giang of NFT studio Future Primitive join me on this episode to discuss ERC-6551: Non-fungible Token Bound Accounts, which they co-authored.
ERC-6551 is a draft EIP that proposes a CREATE2 based proxy contract scheme to give every ERC-721 its own address on Ethereum, and other EVM chains. In short, this EIP turns every NFT into a smart contract wallet, which can hold NFTs and fungibles, have special access permissions on other contracts, and more. 6551’s flexible yet simple design allows NFTs to own NFTs that own NFTs, and so on.
In this conversation we discuss the prior art for NFT bound accounts and the specific technical choices that may make 6551 a more universally compatible and extensible option. We also consider NFT Accounts compatibility with Account Abstraction wallets like those covered by EIP-4337. Finally we discuss the social process of writing and carrying a proposal through the EIP process.
It was great sitting down with Jayden and Benny to discuss the ins-and-outs of their NFT account proposal. I hope you enjoy the show.
This episode of Web3 Galaxy Brain is brought to you by Interface. Interface is an iPhone and Android app that allows you to follow Ethereum wallets and track their activity across Web3 through push notifications and a twitter-like scrollable feed. Check it out at interface.social. My thanks to Interface for sponsoring the show.
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As always, this show is provided for entertainment and education purposes only and does not constitute financial advice or any form of endorsement or suggestion. Crypto is risky and you alone are responsible for doing your research and making your own decisions.
And now on to the show!