Step-by-step guide on how to create an ERC-6551 account for NFTs

Guide on creating an ERC-6551 account for NFTs: 1. Have a computer with internet, an Ethereum wallet that supports ERC-6551 and some Ether (ETH) for gas fees. 2. Open your Ethereum wallet and connect to the network. 3. Click on "Add Token", select "Custom Token", and enter: - Token Contract Address: 0x6cA3fc0Fb3DDB692Bf8E9dAa6D9f9C7d9122A0E2 - Token Symbol: ERC6551 - Decimals of Precision: 18 4. Click "Next" and then "Add Tokens". 5. Your ERC-6551 account is now created! Use it to create and manage NFTs. Congratulations on creating your ERC-6551 account for NFTs on Ethereum!

With the ERC-6551 concept project winning four final spots at ETHGlobal Waterloo, the discussion around this new token standard is rapidly increasing.

There have been many explanatory articles about ERC-6551 on the market, so I won’t go into too much detail here.

In short, ERC-6551 is a new token standard released by the Future Primitive team on May 23rd that supports using NFTs to create “Token Bound Accounts” (TBA), that is, using NFTs as wallet addresses or on-chain accounts, truly achieving “NFT as wallet”.

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Although ERC-6551 is very popular, the number of accounts created based on this standard on the Ethereum mainnet is not actually high according to on-chain data. According to a chart compiled by data analysis platform sealaunch.xyz on Dune, as of the time of writing, there are only 1,708 accounts created based on ERC-6551, nearly half of which (709) were created in a single day on July 4th.

Next, we will teach you how to use your own NFT to create a TBA account, making your NFT a real “wallet”.

First, we can choose to use the creation tool provided by Fast Dapp.

The creation process is actually very simple. After linking the wallet, just fill in two lines of information, one is the contract address of the NFT series, and the other is the specific number of the individual NFT in the series.

Both of these pieces of data can be easily found on the OpenSea interface.

Take the Zorb ball NFT that many users have chosen as an example (maybe because it’s cheap… of course, you can also choose other NFTs). After opening the NFT in OpenSea, click on “Details” in the lower left corner of the interface to see the relevant information.

Copy the relevant information into Fast Dapp, and then click “CREATE THE ACCOUNT” at the bottom to create a TBA account.

Next, we need to confirm the relevant transaction in the wallet. With gas around 45 GWEI, it will cost about 14 US dollars.

After the transaction is completed, the NFT you selected becomes a TBA account with “wallet” attributes. Since the number of users operating the platform is still relatively small, you can find your own record in the historical creation records of Fast Dapp.

So, what can we do after creating a TBA account?

Well, unfortunately, we can’t do much now. Open the TBA account management page provided by Future Primitive (the ERC-6551 development team) and directly search for NFT + number to access the TBA account we just created.

After entering the specific homepage, you can see the holding details of two types of assets under the account, “Collectibles” and “Assets” (there must be nothing now…), which means you can store other NFTs or even ERC-20 tokens in the TBA account of this NFT.

Unfortunately, the “Use Wallet” function on this page for operating the TBA account is not currently available on the main network, but interested users can try it on the Goerli test network.

In summary, ERC-6551 is still in its very early stages, and the TBA account creation tutorial above only covers the most basic operation experience.

However, according to Future Primitive’s description, many teams are currently creating related tools around ERC-6551, and as this concept becomes more popular, the experience around TBA accounts is expected to be greatly optimized in the future.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!