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What Is ERC-6551? Unpacking The ‘Backpack’ Wallet

In the past few months, several Web3 projects have adopted the ERC-6551 standard, or token-bound account. The new standard opens up a plethora of use cases across NFTs, gaming, DAOs and the metaverse.

By Cam Thompson|Edited by Toby Leah Bochan

Updated Jul 21, 2023, 5:23 p.m. Published Jul 21, 2023, 4:57 p.m.

ERC-6551 NFTs are often called "backpack wallets." (Luis Quintero/Unsplash)