Unchained

ERC-6551: Is This the Next Big Leap in NFT Innovation? - Ep. 514

Jul 4, 2023

Benny Giang, Co-founder of Future Primitive, and Jayden Windle, its founding developer, dive into the groundbreaking ERC-6551 standard, which revolutionizes NFTs by associating them with smart contract wallets. They explore its potential in gaming, identity, and more, highlighting how this innovation can enhance digital interactions. The duo discusses the implications for creators and security, and the exciting idea of 'network playable characters' that could reshape online experiences. Discover how Future Primitive merges Web3 technology with culture, making NFTs even more interactive.

01:01:19

Creator website

Episode guests

Jayden Windle

Benny Giang

AI Chapters

Episode notes

Intro

2min

Revolutionizing NFTs: The ERC-6551 Standard

14min

Innovations in Token Bound Accounts

14min

Crypto Event Highlights and NFT Transaction Insights

4min

Innovating Fashion with Web3: The Future Primitive Approach

2min

Unlocking Creativity: ERC-6551's Impact on NFT Innovation for Creators

3min

Innovative Uses of Soulbound Tokens with NFTs

3min

Exploring ERC 4337 and ERC 6551 Innovations

19min

The ERC-721 token standard on Ethereum ignited the frenzied world of NFTs. Yet, as the dust settled, their limitations became apparent. Enter ERC-6551, a new standard designed to overcome these challenges.

Benny Giang and Jayden Windle, cofounder and founding developer of Future Primitive, respectively, delve into the transformative potential of ERC-6551, a standard which allows every NFT to have a smart contract wallet associated with it. They discuss the exciting new possibilities it unlocks in the spheres of gaming, the metaverse, identity, messaging, and more.

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

Show highlights:

what ERC-6551 is and how the idea was born
the differences between NFT token standards
the four big categories of applications for this new token standard
why Benny thinks that "network playable characters" will solve many of the problems in the digital space
how the token bound accounts work and whether they can interact with existing wallets
the security implications of using ERC-6551
what Future Primitive does in the web3 space
how creators can benefit from this new development
whether it's possible for soulbound tokens to work with token bound accounts
how blue chip NFT collections are using ERC-6551, if at all
what could go wrong with token-bound accounts that are combined with AI
what new things are being envisioned with this new standard

Thank you to our sponsors!

Guests:

Benny Giang, cofounder of Future Primitive
Jayden Windle, founding developer of Future Primitive
Previous appearance on Unchained: Your NFTs Can Do Much More Than You Think

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