ERC-721

Phonetic: /ˈɜrk-ˈsɛvənˈtwɛnti ˈtoʊkən ˈstændərd/

Part of Speech: noun

Category: To be determined

ERC-721 is a standard for Ethereum smart contracts, which allows for the issuance of a non-fungible token: this is the standard that created what we all now know as an NFT. This token standard is used to represent a unique digital asset that is not interchangeable, as opposed to the ERC-20 (or other equivalent) standard, which issues identical, interchangeable tokens.

Definition source: Education DAO - mapachurro

Sample sentence

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Additional definitions

An Ethereum based non-fungible token. This means that each token is unique and as a result, not interchangeable.

Source

Extended definition

No extended definition. ...yet

This word came from... the ether

Date first recorded: 2025-01-31

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