Quote from: o48o on June 05, 2023, 09:47:01 PM

But same applies to erc20 and bep20 etc tokens as well. It's because the permissionless nature of blockchain, even trolls can fill it with their junk.

Exactly. That's the real issue here. But there's nothing we can do about it, especially if we want to encourage openess on the Blockchain. Otherwise, we'd be going back to the era of censorship. Given the fact that most Blockchains have scaling issues, all of these worthless ERC-20, BRC-20, and NFTs will ultimately clog the network with high fees and slow confirmation times. The market will ultimately decide the ideal fee rates for the benefit of all. If we feel fees are too high, then we can simply move to another chain or use an off-chain (L2) scaling solution. Hype doesn't last forever, so I'm hopeful this will be all over soon.

Quote from: o48o on June 05, 2023, 09:47:01 PM

It's inspired by SBT but it's a new concept. Like SBTs but trasferrable and more.

Currently erc-721 NFTs are bound to wallets, just like cryptos are in general. You can think ERC-6551 other way around, wallets bound to NFTs. "Those are called Token Bound Accounts" (TBAs).
From what i understand, for example when you normally link wallets to sites, this could make it it possible to link your nfts. As those become smart contracts themselves.

This post explains it way better than i could:

https://blog.alphapanda.one/token-bound-accounts-erc-6551-the-future-of-nft-wallets/

I am still wrapping my mind around it. It took a while for me to even get erc721 when they came, so i guess i need to see this in action before i truly get the possibilities.

That's completely mind-blowing. I couldn't imagine TBAs taking the NFTs spotlight real soon. It will be up to creators to make something serious that would last a lifetime. Not something out of pure speculation. The vast majority of NFTs are only quick cash grabs, so they will ultimately die in the long run.

I hope that won't be the case with SBTs and TBAs. I'm still trying to understand all of the technical jargon linked to these new kinds of tokens. With all that's been happening behind the scenes, it seems to me that ETH will remain as the #1 platform for NFTs and other kinds of tokens forever. Wink