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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.\nBenny 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.\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.\nShow highlights:\n\nwhat ERC-6551 is and how the idea was born\n\nthe differences between NFT token standards\n\nthe four big categories of applications for this new token standard\n\nwhy Benny thinks that "network playable characters" will solve many of the problems in the digital space\n\nhow the token bound accounts work and whether they can interact with existing wallets\n\nthe security implications of using ERC-6551\n\nwhat Future Primitive does in the web3 space\n\nhow creators can benefit from this new development\n\nwhether it's possible for soulbound tokens to work with token bound accounts\n\nhow blue chip NFT collections are using ERC-6551, if at all\n\nwhat could go wrong with token-bound accounts that are combined with AI\n\nwhat new things are being envisioned with this new standard\n\n\nThank you to our sponsors!\n\nCrypto.com\n\nArbitrum Foundation\n\nTOKEN2049\n\nOKX\n\nGuests:\n\n\nBenny Giang, cofounder of Future Primitive\xa0\n\n\nJayden Windle, founding developer of Future Primitive\n\nPrevious appearance on Unchained: Your NFTs Can Do Much More Than You Think\n\n\n\nLinks\n\nERC-6551: Non-fungible Token Bound Accounts\n\nTokenbound\n\n\nERC 6551 \u2014 Token Bound Accounts. Every NFT will have their own wallets\u2026 by Benny Giang\n\nUnchained:\xa0\n\nHow Soulbound Tokens Could Reduce Speculation and Improve DAO Voting - Quadratic Funding\n\nCould Account Abstraction Make Self-Custody Easier for Crypto Users?\n\nEthereum Implements Account Abstraction With ERC-4337\n\nWhat Can You Do in the Metaverse? \n\nExploring the NFT blue chips \n\nWhat is the metaverse? \n\nWhat Is an NFT Marketplace? \n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices