ERC-721
By CoinGecko | Updated on Mar 03, 2020
ERC-721 was introduced in 2017 to create a token standard for non-fungible, exchangeable Etherem tokens. Compared to the well known ERC-20 which is fungible, ERC-721 are non-fungible tokens meaning that each and every ERC-721 is unique, and are not equal to one another.
Related Terms
InterPlanetary File System (IPFS)
The InterPlanetary File System (IPFS) is a peer-to-peer network and distributed file system protocol for storing and transferring data.
Initial Coin Offering (ICO)
Initial Coin Offering (ICO) is the equivalent of Initial Public Offering (IPO), where a company/cryptocurrency venture raises funds through crowd sales.
Interoperability
Interoperability refers to the property of product/systems that are able to work with products/systems that are different without any restrictions.
Block Reward
One of the mechanisms built into a blockchain to incentivize validators
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