- Although ERC-721 introduced NFTs to the world, it still has many limitations.
- So, Ethereum has released a new standard that addresses all the issues of ERC-721.
- ERC-6551 looks to usher in a new era of NFTs.
The ERC-721 standard made history by introducing NFTs to the world. Since their inception, NFTs have revolutionized industries by introducing new applications in the form of static images, breedable cats, generative artwork, tickets, and more.
As NFT adoption grows, developers continue to uncover new use cases for NFTs. However, the standard they’re built on has limitations that could hinder NFTs from realizing their true potential. This is where Ethereum’s new standard, ERC-6551, comes into play.
ERC-6551 is specially designed to propel every NFT on the network to become more dynamic, hence ushering in a new era.
What is ERC-6551?
ERC-6551 is Ethereum’s new standard for NFTs that…
