diff --git a/backend/moonstream/providers/bugout.py b/backend/moonstream/providers/bugout.py
index 1ace3ce9..313a3027 100644
--- a/backend/moonstream/providers/bugout.py
+++ b/backend/moonstream/providers/bugout.py
@@ -21,6 +21,8 @@ from ..settings import ETHTXPOOL_HUMBUG_CLIENT_ID
 logger = logging.getLogger(__name__)
 logger.setLevel(logging.WARN)
 
+allowed_tags = ["tag:erc721"]
+
 
 class BugoutEventProviderError(Exception):
     """
@@ -315,9 +317,12 @@ class EthereumTXPoolProvider(BugoutEventProvider):
         ]
         subscriptions_filters = []
         for address in addresses:
-            subscriptions_filters.extend(
-                [f"?#from_address:{address}", f"?#to_address:{address}"]
-            )
+            if address in allowed_tags:
+                subscriptions_filters.append(address)
+            else:
+                subscriptions_filters.extend(
+                    [f"?#from_address:{address}", f"?#to_address:{address}"]
+                )
 
         return subscriptions_filters
 
diff --git a/backend/moonstream/providers/ethereum_blockchain.py b/backend/moonstream/providers/ethereum_blockchain.py
index 1eb87bde..dc607012 100644
--- a/backend/moonstream/providers/ethereum_blockchain.py
+++ b/backend/moonstream/providers/ethereum_blockchain.py
@@ -8,11 +8,14 @@ from bugout.data import BugoutResource
 from moonstreamdb.models import (
     EthereumBlock,
     EthereumTransaction,
+    EthereumAddress,
+    EthereumLabel,
 )
 from sqlalchemy import or_, and_, text
 from sqlalchemy.orm import Session, Query
 from sqlalchemy.sql.functions import user
 
+
 from .. import data
 from ..stream_boundaries import validate_stream_boundary
 from ..stream_queries import StreamQuery
@@ -23,6 +26,7 @@ logger.setLevel(logging.WARN)
 
 
 event_type = "ethereum_blockchain"
+allowed_tags = ["tag:erc721"]
 
 description = f"""Event provider for transactions from the Ethereum blockchain.
 
@@ -79,6 +83,7 @@ class Filters:
 
     from_addresses: List[str] = field(default_factory=list)
     to_addresses: List[str] = field(default_factory=list)
+    labels: List[str] = field(default_factory=list)
 
 
 def default_filters(subscriptions: List[BugoutResource]) -> Filters:
@@ -91,8 +96,11 @@ def default_filters(subscriptions: List[BugoutResource]) -> Filters:
             Optional[str], subscription.resource_data.get("address")
         )
         if subscription_address is not None:
-            filters.from_addresses.append(subscription_address)
-            filters.to_addresses.append(subscription_address)
+            if subscription_address in allowed_tags:
+                filters.labels.append(subscription_address.split(":")[1])
+            else:
+                filters.from_addresses.append(subscription_address)
+                filters.to_addresses.append(subscription_address)
         else:
             logger.warn(
                 f"Could not find subscription address for subscription with resource id: {subscription.id}"
@@ -157,14 +165,20 @@ def parse_filters(
                     parsed_filters.from_addresses.append(address)
                     parsed_filters.to_addresses.append(address)
 
-    if not (parsed_filters.from_addresses or parsed_filters.to_addresses):
+    if not (
+        parsed_filters.from_addresses
+        or parsed_filters.to_addresses
+        or parsed_filters.labels
+    ):
         return None
 
     return parsed_filters
 
 
 def query_ethereum_transactions(
-    db_session: Session, stream_boundary: data.StreamBoundary, parsed_filters: Filters
+    db_session: Session,
+    stream_boundary: data.StreamBoundary,
+    parsed_filters: Filters,
 ) -> Query:
     """
     Builds a database query for Ethereum transactions that occurred within the window of time that
@@ -198,15 +212,41 @@ def query_ethereum_transactions(
             query = query.filter(EthereumBlock.timestamp <= stream_boundary.end_time)
 
     # We want to take a big disjunction (OR) over ALL the filters, be they on "from" address or "to" address
-    address_clauses = [
-        EthereumTransaction.from_address == address
-        for address in parsed_filters.from_addresses
-    ] + [
-        EthereumTransaction.to_address == address
-        for address in parsed_filters.to_addresses
-    ]
-    if address_clauses:
-        query = query.filter(or_(*address_clauses))
+    address_clauses = []
+
+    address_clauses.extend(
+        [
+            EthereumTransaction.from_address == address
+            for address in parsed_filters.from_addresses
+        ]
+        + [
+            EthereumTransaction.to_address == address
+            for address in parsed_filters.to_addresses
+        ]
+    )
+
+    labels_clause = []
+
+    if parsed_filters.labels:
+        label_clause = (
+            db_session.query(EthereumAddress)
+            .join(EthereumLabel, EthereumAddress.id == EthereumLabel.address_id)
+            .filter(
+                or_(
+                    *[
+                        EthereumLabel.label.contains(label)
+                        for label in list(set(parsed_filters.labels))
+                    ]
+                )
+            )
+            .exists()
+        )
+        labels_clause.append(label_clause)
+
+    subscriptions_clause = address_clauses + labels_clause
+
+    if subscriptions_clause:
+        query = query.filter(or_(*subscriptions_clause))
 
     return query
 
@@ -353,8 +393,7 @@ def next_event(
         query_ethereum_transactions(db_session, next_stream_boundary, parsed_filters)
         .order_by(text("timestamp asc"))
         .limit(1)
-        .one_or_none()
-    )
+    ).one_or_none()
 
     if maybe_ethereum_transaction is None:
         return None
@@ -394,9 +433,7 @@ def previous_event(
         )
         .order_by(text("timestamp desc"))
         .limit(1)
-        .one_or_none()
-    )
-
+    ).one_or_none()
     if maybe_ethereum_transaction is None:
         return None
     return ethereum_transaction_event(maybe_ethereum_transaction)