ERC-721 is a standard for creating unique, non-fungible tokens on the Ethereum blockchain. These tokens are one-of-a-kind and each has specific attributes that cannot be replicated. They are often used to represent ownership of digital or physical assets such as art, collectibles, or real estate.
Each ERC-721 token has a unique identifier that distinguishes it from all other tokens in existence. This allows for individual ownership and transfer of these assets, providing a way to prove authenticity and ownership on the blockchain.
The standard also includes functions that facilitate the transfer and management of these tokens, allowing users to buy, sell, and trade them with ease. This has provided a new way for artists, developers, and collectors to monetize and exchange their creations in a secure and transparent manner.
Overall, ERC-721 tokens have opened up a world of possibilities for creating and managing unique digital assets, revolutionizing the way ownership is represented and verified in the blockchain ecosystem.
