Introduction to NFT

NFTs (non-fungible tokens) are unique cryptographic assets that cannot be replicated.

NFTs (non-fungible tokens) are unique cryptographic
assets that cannot be replicated.

NFT Standard

The following are specific token standards made to support NFTs.

ERC-721 Standard

ERC-721 is the first standard that was developed to represent non-fungible digital assets.  ERC-721 token is also known as the Solidity Smart Contract standard that is inheritable. Developers can use the Open Zeppelin library to construct new ERC-721-compliant contracts.

ERC-1155 Standard

ERC-1155 standard brought a new concept of semi-fungibility to the world of NFTs. ERC-1155 also provides a superset of ERC-721. That is, ERC-721 assets can be constructed with the use of ERC-1155 standard.

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