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Great Ben.sats🟧

@great_ben_

Let’s talk #ERC4337.

It’s a new #Ethereum standard that introduces “Account Abstraction,” or smart account, capabilities in production.

A thread🧵👇
1/21

#ERC4337’s already spread to a handful of other chains, and it’s got big implications for #NFTs wherever it goes. Let’s dig into these implications in this thread 🔻

2/

What Is Account Abstraction?🔻

To understand AA, first it’s important to grasp the basics of accounts on #Ethereum and #Ethereum Virtual Machine (EVM) networks.
There are two main kinds of accounts to consider here: Externally Owned Accounts (EOA) and Contract Accounts (CA).

3/

Read 23 tweets

Ben El-Baz

@ben_el_baz

#NFT Innovations🔥

#ERC721C (programmable, on-chain royalties), #ERC6551 (token-bound accounts), and #ERC4337 (smart contract wallets) are emerging primitives that add new innovations to on-chain gaming, media, and social.

1/8 Here’s some helpful info to know (video shorts):

2/8 Programmable on-chain royalties #ERC721C (not yet an official standard though)

3/8 Problems with prior royalties standard (#EIP2981) - not enforceable on-chain

Read 8 tweets

Discover and read the best of Twitter Threads about #ERC6551

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Discover and read the best of Twitter Threads about #ERC6551

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