ERC-721

ERC-721 is a standard for non-fungible tokens (NFTs) on the Ethereum blockchain. Unlike ERC-20 tokens, which are interchangeable and have identical values, ERC-721 tokens are unique and non-interchangeable. Each ERC-721 token has a distinct ID and metadata, which can include attributes such as name, description, and image.

NFTs have gained popularity in recent years for their ability to represent digital assets such as art, collectibles, and in-game items. The ERC-721 standard provides a framework for creating and managing these NFTs on the Ethereum blockchain.

One of the benefits of the ERC-721 standard is that it allows for ownership and transfer of unique digital assets without the need for intermediaries such as auction houses or marketplaces. This opens up new possibilities for creators and collectors to engage with digital assets in a decentralized and transparent manner.

However, like any other digital asset, ERC-721 tokens are subject to security risks, such as hacking and theft. It's important for users to take measures to secure their NFTs, such as using hardware wallets, strong passwords, and avoiding sharing sensitive information.

Overall, the ERC-721 standard has had a significant impact on the development and growth of the NFT ecosystem, providing a reliable and secure way to represent unique digital assets on the Ethereum blockchain.

Also study

Cryptography
Cryptography is the study of techniques and methods used to secure communication in the presence of third parties, often referred to as adversaries. Cryptography involves the use of mathematical algorithms and protocols to secure and protect sensitive data and information from being intercepted, modified, or stolen. In the context of blockchain technology and cryptocurrencies, cryptography plays a crucial role in ensuring the security and privacy of transactions.
Read
Index
An index is a statistical measure used to track the performance of a specific group of assets in the financial markets. It represents a sample of the overall market and provides investors with an idea of the market's performance as a whole.
Read
Futures Contract
A futures contract is a legal agreement to buy or sell an asset at a predetermined price and time in the future. Futures contracts are often used in traditional financial markets to hedge against price fluctuations or speculate on future prices.
Read
Ransomware
Ransomware is a type of malicious software (malware) that encrypts a victim's files or locks their device, rendering it inaccessible until a ransom is paid. It is a form of cyberattack commonly used by hackers to extort money from individuals, businesses, and organizations.
Read

Welcome to the
Next Generation DEX.