ERC721 is a standard for creating unique, non-fungible tokens (NFTs) on the Ethereum blockchain. To create ERC721 tokens, developers need to implement specific methods in their smart contracts, including functions for creating, transferring, and querying ownership of tokens. Unlike traditional cryptocurrencies, ERC721 tokens are not interchangeable or divisible, and each token is distinct and indivisible, making them ideal for representing digital assets such as artwork, collectibles, and in-game items. ERC721 tokens can be transferred and traded between individuals, and their ownership is easily verifiable on the blockchain. The ERC721 standard has been widely adopted in the growing NFT ecosystem, enabling the creation and exchange of unique digital assets in a secure and decentralized manner.
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