Here's how developers aim to store crypto inside NFTs
From being an inventory system for gaming to being used in DAOs, Future Primitive’s Jayden Windle and Benny Giang spoke about use cases for ERC-6551. Developers have recently published an Ethereum Improvement Proposal (EIP) that introduces a new way to use nonfungible tokens (NFTs). With this system, all NFTs can have a smart contract account, allowing them to store other NFTs or crypto tokens. Cointelegraph spoke with Future Primitive’s Jayden Windle and Benny Giang, the authors of EIP-6551, to explain the use cases of ERC-6551 and its implications for the crypto space. Jayden Windle and Benny Giang explains ERC-6551. Source: Cointelegraph According to Windle, while there are a lot of complicated workings behind the feature, the simple way to explain it is that they are giving NFTs their own crypto wallets. He explained: “The real simple idea behind the ERC-6551 is that every NFT has a wallet. So, your NFT has a full wallet that your NFT owns. That means your NFT can own any asse...