ERC-721 tokens are a technical standard for non-fungible tokens on the Ethereum blockchain, meaning each token is unique and cannot be directly interchanged with another. They represent distinct digital assets, possessing verifiable scarcity and individual identity. This standard enables the creation and management of unique digital items like collectibles, art, and virtual land.
Context
ERC-721 tokens gained widespread recognition through the rise of NFTs, frequently appearing in news related to digital art markets, gaming, and virtual real estate. Their utility in establishing verifiable digital ownership for a variety of unique assets remains a central topic of discussion and innovation within the Web3 space. The market for these tokens continues to evolve.
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