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ERC-721 - The Non-Fungible Token ([[NFT]]) Standard, was created by William Entriken, Dieter Shirley, Jacob Evans, and Nastassia Sachs due to ERC-20 interface incapabilities. Through an [[Ethereum]] Improvement Proposal (EIP) created on the 24th of January 2018.<ref>https://academy.binance.com/en/glossary/erc-721</ref> | ERC-721 - The Non-Fungible Token ([[NFT]]) [[Token standards|Standard]], was created by William Entriken, Dieter Shirley, Jacob Evans, and Nastassia Sachs due to ERC-20 interface incapabilities. Through an [[Ethereum]] Improvement Proposal (EIP) created on the 24th of January 2018.<ref>https://academy.binance.com/en/glossary/erc-721</ref> | ||
A popular [[Ethereum]] | A popular [[Ethereum]] decentralised application, Cryptokitties, utilized ERC-721 to create unique digital collectibles in the form of kitties. | ||
Each different kitten was worth a different amount on the marketplace, dictated by the users of the platform. Each different kitten commands a different price, and as a result, each token needs to be unique. | Each different kitten was worth a different amount on the marketplace, dictated by the users of the platform. Each different kitten commands a different price, and as a result, each token needs to be unique. |
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