Since July 2022, the NFT market has seen a notable decline, with the Blue Chip Index illustrating a drop from 12,394 ETH to 5,700 ETH, resulting in a 55% contraction. Despite this downturn, the NFT industry has not lost its capacity for innovation, as reflected in the creation of the ERC-6551 standard.ERC-6551: A New StandardThe ERC-6551 standard, also known as Non-fungible Token Bound Accounts, was proposed by Jayden Windle, Benny Giang, and their team, Future Primitive. The team, notable fo...