Crypto tokens are nothing but an exact fungible or tradable asset/utility found on a blockchain. Some of the terms like altcoins, cryptocoins, cryptocurrency and crypto tokens used are found to be similar in the digital currency world. But technically, they all differ in certain terms.
ERC721 is somewhat similar to ERC20 when compared to both the ERC standard development. ERC721 is developed more than ERC20. In this each and every token is unique and found as a collectables.
To state, ERC721 is one type of unique token, that is mainly utilized for gaming purpose. Since these tokens are meant to be an advanced version when gaming platforms are considered. As mentioned before, this token is developed on the Ethereum blockchain network by allowing unique tokens that can be owned, managed and can make trade. As a fact, ERC721 tokens hold a different value for each and every tokens.
In total, uniqueness is the main feature of ERC721 tokens that acts as a non-fungible one. The fact that ERC721 is one kind that the tokens utilized on all exchanges with its own value of the tokens defined at various characteristics.
Read more about its purposes and development
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