ERC721 Insights

What is ERC721?

ERC721 is a standard for representing non-fungible tokens (NFTs) on the Ethereum blockchain. Unlike cryptocurrencies where each token is identical, ERC721 tokens are unique and can represent ownership of digital or physical assets. It's commonly used for collectibles, digital art, virtual land, and other items where verifiable scarcity and ownership are desired.

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What other technologies are related to ERC721?

ERC721 Competitor Technologies

ERC20

ERC20 is a standard for fungible tokens, whereas ERC721 is for non-fungible tokens. While they serve different purposes, they compete for use cases and development resources within the blockchain space.

mentioned alongside ERC721 in 73% (127) of relevant job posts

ERC1155

ERC1155 is a multi-token standard that can represent both fungible and non-fungible tokens. It competes with ERC721 by offering a more efficient way to manage multiple types of tokens in a single contract.

mentioned alongside ERC721 in 96% (74) of relevant job posts

ERC721 Complementary Technologies

Solidity

Solidity is the primary programming language used to create smart contracts on Ethereum, including those that implement ERC721. Therefore, it is strongly complementary.

mentioned alongside ERC721 in 2% (121) of relevant job posts

Ethereum

ERC721 tokens are deployed and operate on the Ethereum blockchain. Ethereum provides the infrastructure for ERC721 tokens, making it a complementary technology.

mentioned alongside ERC721 in 1% (75) of relevant job posts