ERC-721 Transfers Surpassed ERC-20 First Time Since 2019: Here’s What It Is
The number of ERC-721 transfers on the Ethereum network has beaten the same metric for another standard, ERC-20. While some users may think ERC-721 is a unique type of token, it is simply the NFT token standard used in every collection out there.
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The ERC-721 is a standard for non-fungible tokens, which are unique assets with different values than other tokens issued from one smart contract because of their rarity or visuals.
Each token brought out with the ERC-721 standard has a unique variable, called a token, which would be globally unique. The tokenId is then used by decentralized apps for giving an output of an image of a certain item. Despite the huge drop in the fame of NFT...