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.
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