ERC-721 is a technical standard for creating non-fungible tokens (NFTs) on the Ethereum blockchain. Non-fungible tokens are unique digital assets that represent ownership of a specific item or piece of content. They are different from most other cryptocurrencies, which are typically interchangeable and interchangeable (fungible).

Some examples of non-fungible tokens include collectible items, such as CryptoKitties, and digital art. ERC-721 tokens are used to represent and track ownership of these unique digital assets, and they can be bought, sold, and traded on marketplaces like OpenSea and Rarible.

ERC-721 defines a set of functions and events that must be implemented by all ERC-721 tokens. These functions and events include things like transferring tokens, checking the ownership of a token, and approving the transfer of tokens by another party.

The ERC-721 standard has played a significant role in the growth of the NFT market, and it has been used to create a wide variety of unique and valuable digital assets.

Try Today For Free

Transform your trading experience with HyperTrader. Say goodbye to slow terminals, multiple windows, excessive clicks, and delayed data. Sign up and start using our platform in under 10 minutes to unlock your full potential.