A new standard for NFTs, ERC-6551, has been introduced that allows NFTs to have their own wallets called Token Bound Accounts (TBA). This allows users to store any asset in any NFT they own, leading to hyper-personalized interactions with dApps and platforms. TBAs also enable greater flexibility and better user experience, potentially leading to new use cases such as loyalty programs and in-game rewards based on an NFT's past behavior. The STAPLEVERSE project has already implemented the TBA standard, which enables more sophisticated use cases and better user experience.

Onramp Bitcoin warns of poor custody resulting in $120B in crypto losses, including exchange hacks, malicious Ponzi schemes, and frauds. They recommend understanding which group you belong to in terms of self-custody and offer their services for those wanting best-in-class security but not yet ready for self-custody. Ram Ahluwalia highlights the consequences of a lack of a crypto bank settlement layer, causing a significant drying up of crypto market liquidity. Market makers need a way to settle instantly with counterparties, and the solution in TradFi is well-capitalized clearinghouse firms. In crypto, this problem was seemingly solved with SEN and SigNet, allowing market makers to enjoy instant settlement and not tie up capital on many exchanges.

Ram Ahluwalia, a higher for longer crypto CFA, explains that banks play an important role in confirming and validating transactions, similar to the blockchain. However, using a secure high TPS blockchain to settle transactions instead of the banking settlement layer may not be feasible due to compliance with sanctions screening laws issued by OFAC. Market makers rely on banks for compliance with these laws, and without them, they assume more risk. This issue highlights the debate between decentralization and centralization.