In order to create non-fungible tokens special standards had to be created.

Ethereum token standard non-fungible. ERC-721 - A standard interface for non-fungible tokens like a deed for artwork or a song. Initially the Ethereum developers proposed the ERC-721 token standard and later the new ERC-1155. ERC-777 - ERC-777 allows people to build extra functionality on top of tokens such as a mixer contract for.

In the case of the ERC-20 or 223 we have a stock of fungible tokens where one unit is equivalent to another. This standard allows for the implementation of a standard API for non-fungible tokens henceforth referred to as NFTs within smart contracts. Some interchangeably refer to ERC-721 tokens simply as non-fungible tokens NFTs although there are other subsets of NFTs as well.

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Non fungible tokens or NFTs have created a real buzz in the cryptocurrency space and the market for crypto art. It involves cryptocurrency virtual reality and a good dose of social media frenzy. ERC-20 - A standard interface for fungible interchangeable tokens like voting tokens staking tokens or virtual currencies.

Ethereum Token Standards Fungible Non-fungible Tokens Session 26 ethereum. Ethereums Standards for Non-Fungible Tokens. Here are some of the most popular token standards on Ethereum.

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