.TheSpartanLabs explains why Ethereum's ERC6551 is a game changer for NFTs
This EIP, co-authored by the founders of CryptoKitties, the first-ever commercially successful NFT collection, allows non-fungible tokens to control ERC-4337-enabled cryptocurrency wallets. For instance, NFTs can make transactions, store assets and, therefore, interact with DeFi protocols just like regular non-custodial wallets.
The scope of possibilities of ERC-6551-powered NFTs looks really endless. The owner of such NFTs can collect POAPs and display them in a transparent and tamper-proof form. In decentralized games, such NFTs can be associated with in-game wallets. This, in turn, will make the gaming experience more immersive for various generations of players.is labeled with a"Draft" status on Ethereum Foundation's portal for EIPs.Spartan Labs' researchers indicated a number of other interesting use cases for NFT-powered wallets. They might finally make Web3 publishing platforms mainstream thanks to more democratic content monetization models.
Then, decentralized messengers' interfaces might be upgraded with such NFTs. Traders can even share the addresses of their NFTs to demonstrate their PnL and trade history — and this data cannot be altered, being visible to everyone via explorers. This ERC is backward compatible, which means all existing NFTs can be equipped with the full range of ERC-6551 functionalities. This can radically change the narrative in the global NFT ecosystem.
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