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N 0xNairolf
nairolf
@0xNairolf

"bro wat is erc6551?" An explanation of ERC-6551 (and how Stonk Broker leverages it), in (very) simple terms 🧵 x.com/0xNairolf/status/2087102…

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25 replies collected of 27 X reports
N 0xNairolf
nairolf @0xNairolf · 41K

"go bro" Normal NFTs are kinda dumb. You own the NFT but the NFT itself doesn't really do anything. On the contrary, your usual wallet owns: → the NFT → your tokens → your other NFTs → everything else

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S skipday_io
SKIPDAY (Takan - a vibe launcher) 🇮🇩 @skipday_io ·

@0xNairolf at glance, i thought it was EIP-5T31N

N AmNiyi10
NiyiofWeb3🤝 @AmNiyi10 ·

@0xNairolf Image clearly explained, nice one once again nairolf.

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M MahTrader13
Maher @MahTrader13 ·

@0xNairolf I really like this explain threads it makes things easy, keep them coming man

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泰 TiTan_Web3_
泰坦链 | DeFi @TiTan_Web3_ ·

@0xNairolf NFTs finally got a wallet

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M MarvinHarryP
Marvin @MarvinHarryP ·

@0xNairolf But how is it worth more than? I mean basically its just so much worth because there are gor example Stocks in the Wallet. You you dont buy the NFT intself, you just buy a Wallet with Stocks. I dont know why I dont just buy Stocks Onchain

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L 0xLouz
Lou @0xLouz · 23K

@0xNairolf composability

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W Whitelist1Media
Whitelist Media @Whitelist1Media · 29K

@0xNairolf Bookmarked for lunch

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Y yasenka244
Yasya @yasenka244 ·

@0xNairolf really love how you explained erc-6551 so clearly without the jargon

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L LolaSt1400
Lola (❖,❖) @LolaSt1400 ·

@0xNairolf ERC 6551 lets NFTs hold assets, like a wallet Stonk Broker uses that cleverly

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J ashcotXBT
Jimmy Ashcot @ashcotXBT · 16K

@0xNairolf nfts with their own wallet is wild, like giving a trading card its own bank account

M theboyaremu
Michael @theboyaremu ·

@0xNairolf @oxtochi So, if one buys the nft you own. Can you still track it?

S sayuj_kumar
sayuj kb🦂 @sayuj_kumar ·

@0xNairolf nfts owning their own wallet is such an underrated primitive. sell the nft, sell everything inside it

B briqaofficial
BriqaOfficial @briqaofficial ·

@0xNairolf ERC-6551 is one of those standards that quietly unlocks a whole new level of on-chain ownership.

N Nick_Researcher
Nick Research @Nick_Researcher · 10K

@0xNairolf bro wtf is this read, v good

Y Yemiola_eth
Yemiola_Eth 🦅 📉📈 @Yemiola_eth ·

@0xNairolf First time of knowing an nft can still owns its own smart wallet (ERC-6551) Thanks for putting this out there.

S sndcapp
Syndicate @sndcapp · 13K

@0xNairolf basically instead of your wallet owning an nft, the nft gets its own wallet and can own things too

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M MetaGorgonite
Meta Gorgonite @MetaGorgonite · 37K

@0xNairolf Good job here. Well said Champ

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M max_bevza
Max Bevza @max_bevza ·

@0xNairolf thanks for the explanation

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M MrStarNo1
mr.star @MrStarNo1 ·

@0xNairolf And how do you sell what is in the nft's wallet?

S syntropia_ai
Syntropia | Risk-Curated DeFi Yield @syntropia_ai ·

@0xNairolf Simple and clear

T lilbratel3na
Top chad @lilbratel3na · 23K

@0xNairolf This is a great thread bro, as much I enjoyed reading it, it's kinda scary too

K Creek1606
Kiitan @Creek1606 ·

@0xNairolf Wait... this is cool Good explanation!

G GuruVerseX
GuruVerseX @GuruVerseX · 16K

@0xNairolf erc6551 finally explained without making me open 12 tabs

P 0xPhoenix77
Phoenix Research @0xPhoenix77 · 13K

@0xNairolf stonkbrokers is a fun use case for this

8 replies whose parent comment X withheld

N 0xNairolf
nairolf @0xNairolf · 41K

"huh?" Think about a game character for example. Normally you would own: → character NFT → sword NFT → armor NFT → 1000 gold All separately in your wallet With ERC-6551, you own the character NFT that owns the sword, the armor and 1000 gold. Cool right? x.com/0xNairolf/status/2087102…

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N 0xNairolf
nairolf @0xNairolf · 41K

"wait so the nft has metamask??" Kinda lol but without a seed phrase. ERC-6551 creates what's called a Token Bound Account. Basically, it is a smart contract wallet tied to one specific NFT. Whoever owns the NFT controls that account.

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N 0xNairolf
nairolf @0xNairolf · 41K

"so if i sell the nft?" This is where it gets cool. The wallet stays attached to the NFT. So if the NFT owns: → $500 USDC → another NFT → some tokenized stocks and you sell the NFT, the new owner now controls all of that too. In just one transaction.

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N 0xNairolf
nairolf @0xNairolf · 41K

"ok give me a real use case" There is a shiny thing right now called StonkBrokers. Every StonkBroker is an NFT with its own ERC-6551 wallet and that wallet can actually hold tokenized stocks. x.com/0xNairolf/status/2087102…

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N 0xNairolf
nairolf @0xNairolf · 41K

"how does that work?" StonkBrokers is like an everything app that collect fees and has a reward system called Clock In. Highly simplified, you can "activate" your NFT and it starts getting its share of rewards that are distributed as tokenized stocks.

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N 0xNairolf
nairolf @0xNairolf · 41K

"so my jpeg starts stacking stocks" Somewhat yes. Imagine Broker #420 over time ends up holding $800 of NVDA and $300 AAPL in its own wallet. You sell it? Well, the portfolio stays with it so the new owner controls both the NFT + the stocks. x.com/0xNairolf/status/2087102…

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N 0xNairolf
nairolf @0xNairolf · 41K

"tldr bro" ERC-6551 makes NFTs capable of owning assets themselves. So instead of an NFT just being an asset sitting in your wallet, it can become its own little onchain entity with assets, inventory and history attached to it. 🫶 x.com/0xNairolf/status/2087102…

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M MahTrader13
Maher @MahTrader13 ·

@0xNairolf yeah no need to force it, just keep it for complicated stuff

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