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The Communiqué News

Will Ethereum metaverses be transformed by ERC 6551 NFT-owned wallets?

A recent episode of the Unchained podcast addressed how ERC 6551 could revolutionise the crypto market by providing NFTs with their own wallets. The planned ERC 6551 token standard for NFTs has piqued the curiosity of crypto fans since it would allow digital assets to hold other tokens, a development that has the potential to radically alter the NFT and metaverse scene.


Pritish Bagdi

ERC 6551
ERC 6551

What exactly is ERC 6551?

The token standard proposal, announced in February, aims to create a system that provides a smart contract account to every ERC-721 (non-fungible token). These tokens will be able to hold assets and interact with applications without requiring any changes to existing ERC-721 smart contracts or infrastructure.

The key components of this system are a permissionless registry for deploying token-bound accounts and a standard implementation interface.

Each ERC-721 coin will be assigned a unique smart contract account, allowing it to interact with the blockchain, record transaction history, and possess on-chain assets. The owner of the ERC-721 token has control over each token-bound account, allowing them to initiate on-chain operations on behalf of their token.

The proposal aims to be as backward compatible as possible with existing non-fungible token contracts. EIP-155 chain IDs are also used to uniquely identify ERC-721 tokens, allowing for the optional support of multi-chain token-bound accounts.


What are the benefits of ERC 6551?

The ERC 6551 standard was a potential solution to past attempts to standardise NFTs owning assets, such as the requirement for custom logic in their smart contract. The ERC 6551 standard eliminates these limitations by offering NFTs the same rights as Ethereum users, allowing them to hold assets and execute actions.

While ERC 721, ERC 1155, and soul-bound tokens exist as means to own objects on Ethereum, the podcast panelists emphasised that ERC 6551 is not a token standard in the traditional sense because it offers every current ERC 721 its own wallet, unlocking a new layer of compatibility for NFTs.








Intizon: The Essential Mini-UPS for Uninterrupted Internet Connectivity.

Numeric, a leading manufacturer of power backup solutions, is pleased to announce the release of Intizon, a Next-Generation Mini Uninterruptible Power Supply (UPS) intended to assure continuous Wi-Fi access. Intizon is more than just a technology product; it is a trailblazer that is redefining how people stay connected in the digital era. Intizon, which is designed to handle 12V-rated Wi-Fi routers, provides up to 4 hours of backup power and is poised to become an indispensable part of consumer's life by catering to both residential and business users.

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The COVID-19 pandemic highlighted the critical importance of continuous internet connectivity as people increasingly relied on it for remote work, content creation and consumption, online gaming, and other activities, making the need for reliable and continuous Wi-Fi connectivity paramount. In response to this demand, Numeric created Intizon, a Mini UPS for Wi-Fi routers that ensure continuous internet connection even during power outages or fluctuations. Intizon intends to carve a position in this market by raising awareness and satisfying the growing demand for backup solutions for various devices such as Wi-Fi routers, CCTVs, set-top boxes, POS systems, and others.

"In today's digital landscape, we recognized the growing demand for continuous internet access." Our Mini UPS demonstrates our dedication to innovation and providing need-based solutions. "It's a game changer, allowing individuals and businesses to stay online, access critical information, work efficiently, and maintain seamless communication even in the face of power outages and disruptions," said Satpal Singh, CEO of Numeric UPS.

With its tiny size, superior aesthetics, advanced functionality, and unmatched durability, Intizon is poised to reinvent the Mini UPS market. It provides a hassle-free experience to users with no installation help required and a plug-and-play configuration. Individuals may enjoy uninterrupted Wi-Fi even during power outages thanks to Intizon, guaranteeing that they can stay connected and thrive in today's interconnected world.









Coke Studio Bharat Releases Captivating Folklore "Khalasi" by Achint & Aditya Featuring Dhruv.

Mumbai, July 5, 2023: Coke Studio Bharat, the renowned platform that celebrates the diversity of Indian music, is pleased to announce the highly awaited release of "Khalasi." This evocative song transports listeners on a captivating journey through the life of a sailor in Gujarat, India's stunning surroundings. "Khalasi" is a fresh and exciting new folkloric experience created by the amazing trio of Achint, Aditya Gadhvi, and Saumya Joshi.


Swati Bhat

Coke Studio Bharat - Khalasi

Click on the above poster to watch the song


"Khalasi" creates a soul-stirring narrative of infinite travel and boundless living, inspired by a sailor's wanderlust. The fascinating narration of the song is supplemented by the clever use of body percussion noises, producing an immersive auditory scape that brings audiences to the heart of the sailor's adventure. Using clever body percussive sounds, the artists created a mesmerising audio landscape that accentuates the emotional depth of the story and resonates with the essence of the sailor's exploits.

"Khalasi is a musical expedition that takes us on a voyage through the soul of a sailor's wanderlust," Achint, the brain behind 'Khalasi,' said of the song. Coke Studio Bharat's commitment to honoring the vast range of Indian music has offered the ideal platform for us to present our creative talents. It's been an honor to work with such a prominent and esteemed musical platform, and I'm excited to share the enchantment of 'Khalasi' with music fans all across the world."

Aditya Gadhvi, who worked on 'Khalasi,' said of his experience, "It has been captivating to be a part of this extraordinary project." We put our hearts into the singing because the song's theme of a sailor's infinite experiences in Gujarat touched me emotionally. "Khalasi" provided me with the opportunity to explore new areas of my artistic perspective. Being a part of Coke Studio Bharat, a famous venue that highlights the rich tapestry of Indian music, has been a dream come true. "I hope 'Khalasi' connects with music fans and inspires them to be creative."

Dhruv Visvanath, a singer, spoke about his experience working on 'Khalasi,' adding, "Being a part of this project has been an incredible artistic journey." 'Khalasi' gave me the opportunity to experiment with the endless possibilities of percussive guitar, interwoven melodies, and rhythms to create a vibrant picture. It has been an honor to collaborate with Coke Studio Bharat, a distinguished platform that celebrates the diversity of Indian music. I'm overjoyed to have been a part of this incredible musical undertaking."

"Khalasi" is a testament to the creative collaboration of Achint, Aditya Gadhvi, and Dhruv Viswanath, who have created a memorable musical voyage. Coke Studio Bharat invites music fans to experience the "Khalasi" sensation. Fans may enjoy the song's lovely melody and compelling storyline on all major music streaming platforms.


Coke Studio Bharat:

After an eight-year absence, Coke Studio has returned to India. The platform, known for generating independent studio-recorded music, had a vital role in diverting from popular mainstream music. This time, Coke Studio Bharat has focused on developing indie voices from India's rural villages. Each song is deeply ingrained in the cultural nuance of the locations it represents. Four tunes have been distributed across streaming platforms since February, with over 110 million plays on YouTube alone.
















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