There is provided a method and system for a wireless stylus device with interchangeable tips and an eraser. The method comprises, detecting a tip connected to the stylus device from a plurality of tips, detecting a movement of the stylus device, determine a code representing a feature of an application of an interactive device based on the tip and the movement, and transmitting the code to an interactive device. The wireless stylus device may include an accelerometer, which may detect an inversion of the wireless stylus device and enable an erasing feature in the application. The wireless stylus device may provide the tip and the movement to the interactive device through a speaker using an audio code, including a frequency or series of sounds.