ERC721 tokens are non-fungible tokens which means they are all unique compared to each other unlike the regular ERC20 tokens.

Guide to non fungible tokens. The most recent blockchain craze to enter the mainstream is non-fungible tokens or NFTs. NFTs are created on ERC-721 token standard. A Guide to Non-Fungible Tokens the Cryptomedia Trend Bringing Ownership to the Internet Like a digital collectible an NFT draws its value from its cultural cachet.

NFTs allow these real-world assets to. Fungible refers to any interchangeable item for instance if I trade a dollar bill for another its effectively the same object. In this guide we explore what they are how they work and how they.

NFTs represent real-world items including digital collectibles music artwork event tickets domain names in-game tokens and even ownership records for physical assets. They have a soaring market capitalization of. Publishers marketplaces infrastructure.

ERC-721 which is used by CryptoKitties and Decentraland is the non-fungible token. NFT stands for non-fungible token An NFT is basically data that is stored or accounted for in a digital ledger and that data represents something specific. By contrast a non-fungible item is something unique.

The ABCs of NFTs. NFTs are the next chapter in the art world and as such it is imperative to understand the landscape of NFTs and how tokens are split into four groups. Non-fungible tokens can be used to create verifiable digital scarcity.

Speaking in other words non-fungible tokens are not interchangeable by their individual specification in the way that crypto-assets such as Bitcoin is. Presume trading one American dollar for another American dollar. They cannot be sold or substituted for equivalency unlike bitcoin.