Ben El-Baz Profile picture
May 22 8 tweets 8 min read Twitter logo Read on Twitter
#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): Image
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
4/8 Token-bound accounts #ERC6551 - NFT owner controls an individual wallet tied to an NFT, wallet could potentially be a smart contract in the style of #ERC4337

(Not yet an official standard though)
5/8 Smart contract wallets #ERC4337 - more security features and better onboarding features for smart contract wallets like #ERC6551
6/8 Thanks to several folks with great content on these topics above.
@huntersolaire_
@ZakaiMill
@sinumwallet
@jerome_wong99
@limitbreak
@gabrielleydon
@sandeshsuvarna

Consolated summary of all the video shorts in this thread
7/8 Also thanks to these #ERC6551 wizards: @JaydenWindle, @DruzyDowns, @HuynhR, @wwhchung, @sullivph, @RealJonahBlake
8/8 And thanks to @ArtOnBlockchain for the awesome talk at #Consensus on the important of royalties for NFT creators, peaking my interest in #ERC721C

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More from @ben_el_baz

May 23
#HongKong, one of Asia’s biggest international financial centers, *today* just formally approved retail trading of #crypto assets. Effective 1 June 2023.

Huge deal for #Web3 economy in Asia + #币圈

11 key points from the conclusion paper drop from the SFC today:
1/ Hong Kong will allow retail traders to trade crypto (was resticted to professional/accredited investors only before) Image
2/ Onboarding requirements still require retail users to fill out a risk tolerance assessment test Image
Read 12 tweets

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