ERC-721
What is ERC-721?
The Ethereum smart contract network’s token standard is ERC-721. It was created in September 2017 and debuted in the CryptoKitties game. This Ethereum-based game was the first to make use of the special properties of this standard.
Understanding ERC-721
The ERC721 standard, like earlier token standards, provides a set of common rules that any tokens on the Ethereum network can follow to produce expected effects.
ERC721 is significant for a variety of reasons, including the unique use cases it allows and its ability to be readily integrated into ecosystem infrastructure. Having a single interface that exchange and wallet operators may readily implement increases the value of Non-Fungible tokens. Assimilation into the ecosystem makes Non-Fungible assets more liquid, enhances price discovery, and allows anybody in the globe to hold them.
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Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet.
More articlesDamir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet.
