Crypto Trader & Defi Guru
Joined April 2021
- Tweets 10,616
- Following 29
- Followers 88
- Likes 1
Photos and videos
23 May 2023
CoinStats: Overall, this standard opens up new possibilities for utilizing NFTs πͺ
So is it a game-changer or simply a technical improvement?
7
23 May 2023
CoinStats: Each NFT can contain multiple TBAs, each serving a specific purpose π¨
With TBAs, each NFT becomes unique and can interact with decentralized applications (dApps) independently of the wallet it is associated with.
1
13
23 May 2023
CoinStats: Here are some advantages of token-linked accounts (TBAs):
- They can hold any asset within any NFT you own.
- You can combine your NFTs and tokens withing the same portfolio.
This makes asset management and transfers simpmler.
1
11
23 May 2023
CoinStats: What does that mean? πΌ
In simple terms, the NFT itself acts as a wallet with its own unique address, expanding its functionality and potential use cases.
5
23 May 2023
CoinStats: So what is ERC-6551? π€
It's a new pack of features that enable "token-linked accounts".
What it simply means is that NFTs can interact with smart contracts and accounts on Ethereum.
6
23 May 2023
CoinStats: Did you know you can use NFTs as wallets now? π³
With the new ERC standard you can interact with dApps using your overpriced monkey jpegs.
Let us break down ERC-6551 for you π§΅
10