EIP-721

EIP-721 defines a standard for creating unique digital assets, called non-fungible tokens (NFTs), on the Ethereum blockchain. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are interchangeable, NFTs represent one-of-a-kind items like digital art, music, or collectibles. The standard ensures that these digital items can be easily created, bought, sold, and transferred across different platforms and applications, maintaining their uniqueness and ownership records securely on the blockchain. This consistency fosters trust and interoperability in the growing digital asset market.