ERC721 is a type of Ethereum token that represents a unique asset, such as a piece of digital art or a collectible. Unlike other Ethereum tokens, each ERC721 token is not interchangeable with another; each one is unique.
This makes them well-suited for use cases such as digital collectibles, gaming items, and other non-fungible assets. .
NOTE: WARNING: ERC721 is not an Ethereum. It is a type of token on the Ethereum blockchain that is used to represent non-fungible digital assets. It can be used to store and transfer items such as collectibles, game items, land titles, etc., but it is not Ethereum itself.
ERC721 tokens are created and managed using smart contracts on the Ethereum blockchain. When an ERC721 token is created, the owner of the token can specify its characteristics, such as its name, description, and image.
These tokens can be bought and sold like other Ethereum tokens, but because each one is unique, their prices can vary widely.
So while ERC721 tokens are built on top of the Ethereum blockchain, they are not technically Ethereum tokens. However, they do use Ethereum’s smart contract functionality to create and manage their unique assets.
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