ERC-721 is an open standard that describes how to build Non-Fungible tokens on EVM Ethereum Virtual Machine compatible blockchains.
Erc-721 non-fungible token standard. ERC-721 is an open standard that defines how to create Non-Fungible Tokens on EVM Ethereum Virtual Machine compliant blockchains. The standard for fungible tokens is called ERC-20. A standard interface for non-fungible tokens.
ERC-721 is Ethereums non-fungible token standard. On Ethereum you can write code that controls money and build applications accessible anywhere in the world. ERC-721 is an inheritable Solidity smart contract standard meaning that developers can create new ERC-721-compliant contracts by importing it from the OpenZeppelin library.
Non-fungible tokens can be created on other smart contracts. Like fungible tokens non-fungible tokens also follow certain standards. ERC-721 was the first standard for representing non-fungible digital assets on the Ethereum blockchain.
ERC-721 is a specific type of smart contract standard on the Ethereum network that enables the creation of non-fungible tokens. NFTs are not only of ERC-721 type. This standard provides basic functionality to track and transfer ownership of NFTs.
ERC-721 is the essential set of rules for NFTs defining them as a way to identify something or someone in a unique way. Ethereum Request for Comments 721 or ERC721 is an Ethereum Improvement Proposal introduced by Dieter Shirley in late 2017. Its a free and open standard that describes how to build non-fungible tokens on the Ethereum blockchain.
An Overview of ERC-721 The avowed goal of ERC-721 is to represent Non-Fungible Tokens that can be tracked and transferred as well as consigned to third parties. Thus a non-fungible token is a one-of-a-kind asset that lives on the Ethereum blockchain. Developers follow these standards to make the writing of code easy predictable and reusable.