Here’s how developers aim to store crypto inside NFTs

Developers have recently published an Ethereum Improvement Proposal (EIP) introducing a new way to use

As the new mechanism seemingly has many possibilities, Cointelegraph asked Giang what this could mean for the crypto space. The NFT veteran said that apart from asset ownership, this can also bring social identity to NFTs, adding new functionality to buying, selling or trading NFTs. He explained:

“We’re trying to introduce three new actions you can pursue with the NFT. It’s become, interact and use. You can become your NFT, you can interact with it, and you can use your NFT.”

Giang believes this will make NFTs entirely different from jpegs, becoming new internet identities. Furthermore, the Future Primitive executive explained that if artificial intelligence (AI) is employed, it can turn NFTs into fully on-chain network playable characters in blockchain-based games.

Giang highlighted that ERC-6551 is already live on the Ethereum mainnet. “It’s not a conceptual idea. It’s not like a testnet thing. It’s real,” he explained, adding that it has already been applied to an NFT collection called Sapienz.

NFT inception: NFTs that own NFTs inside NFTs

Cointelegraph asked the developers if there is a limit to how far putting NFTs inside NFTs can go. According to the duo, this can “get crazy really quickly” and go on infinitely. They demonstrated a family tree of NFTs within NFTs. 

“You can build applications around NFTs that own NFTs that own NFTs, and all this is accessible on-chain. You can build on-chain applications that use that hierarchy of NFTs in order to build really cool experiences,” Windle explained. 

AI Eye: 25K traders bet on ChatGPT’s stock picks, AI sucks at dice throws, and more