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ERC-721

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Table of contents
    1. 0.2. Features of ERC-721
    2. 0.4. Use Cases

ERC-721 is a standard for creating non-fungible tokens (NFTs) on the Ethereum blockchain. Unlike fungible tokens such as ERC-20, each ERC-721 token is unique and represents a distinct asset. These tokens are primarily used for representing ownership of unique digital items, such as art, collectibles, and in-game assets.

Features of ERC-721

  • Uniqueness: Every ERC-721 token is unique, identified by a unique token ID, making it ideal for digital collectibles and assets.
  • Ownership & Transfer: ERC-721 tokens can be owned, transferred, and traded like physical items, ensuring digital ownership.
  • Interoperability: ERC-721 tokens are supported by various platforms, ensuring they can be used across decentralized applications (dApps).

Use Cases

ERC-721 is widely used for digital art, virtual land, in-game items, and collectibles, allowing creators to monetize unique digital assets securely on the blockchain.