This standard provides basic functionality to.

Which ethereum token standard provides a non-fungible feature. ERC-721 is a widely used token standard originally proposed in 2017 and written in Solidity a programming language on the Ethereum blockchain. Non-fungibility is a desired feature as it indicates valuable and unique assets. The ERC-20 standard has been the most important on Ethereum since 2015.

In the case of the ERC-20 or 223 we have a stock of fungible tokens where one unit is equivalent to another. Initially the Ethereum developers proposed the ERC-721 token standard and later the new ERC-1155. ERC-721 is a token standard that defines non-fungible tokens NFTs on the Ethereum blockchain.

Such conditions could include lock-up periods or voting rights among other things. A standard interface for non-fungible tokens. ERC-20 - A standard interface for fungible interchangeable tokens like voting tokens staking tokens or virtual currencies.

The original ERC-721 standard was designed solely to support NFTs. Common non-fungible token standards are ERC721 and ERC1155. A standard extension for any non-fungible token to own another non-fungible ERC-721 or standard fungible ERC-20 tokens.

This feature allows for the tokenization of conventional real-world individual assets such as real estate artwork valuable historical items etc. With thousands of ERC20 tokens in the market these digital assets are commonly used by crypto projects for governance fundraising payments and others. In comparison the blueprint for fungible tokens is ERC20.

The main aspect of the ERC-721 standard in comparison to other ERC standards is the ability to develop non-fungible tokens NFTs which means that the tokens can hold different values when they are exchanged within the same ecosystem. Crypto Item Standard ERC-1155 One step further in the non-fungible token space is the ERC-1155 Standard that was proposed by the Enjin team. Generally those who want to create NFTs can use the Ethereum blockchain.