ERC721 Standard
The ERC-721 Standard is a type of token on the EVM-based blockchain for making NFTs (non-fungible tokens). Each token is unique, unlike regular ERC-20 tokens, so it’s great for one-of-a-kind digital things like art, collectibles, or game items.
Why ERC-721?
ERC-721 was created because people needed a way to own and trade digital stuff that’s special and can’t be copied. Regular tokens like ERC-20 are all the same, but ERC-721 lets each token have its own ID and details, proving who owns it. It’s perfect for things like digital art or rare items that need to stand out and stay with one owner at a time.
ERC-721 helps by:
Giving unique ownership: Every NFT has its own ID, so it’s clear who has it.
Making trading possible: You can sell or swap NFTs on marketplaces like OpenMark.
Supporting cool ideas: It’s used for art, games, or anything where each piece matters.
It’s been around since 2018 and started the NFT boom, making it a big deal for digital creators and collectors.
When You Want ERC-721
Use ERC-721 when you want your digital stuff to be one-of-a-kind and owned by just one person. It’s best for things like artwork, game characters, or collectibles that don’t split up. Each NFT stays whole and works with NFT marketplaces or apps that track ownership.
Creating an ERC-721 NFT Collection in OpenMark
If you want to make an ERC-721 NFT collection, OpenMark makes it easy with a few clicks. Here’s how:
Steps
Go to the Creation Page: Visit https://openmark.io/create/collection in your browser.
Pick ERC-721 Type.
Add Collection Details: Fill in the info like:
Logo & Name: Logo and name of your collection.
CID (Base URI): The link to your metadata, usually on IPFS (like ipfs://<hash>).
Max Token ID: The highest ID you can mint—set it to 100, and you can make tokens from ID 0 to 99.
Royalty: The percentage you earn when your NFTs are resold (e.g., 5%).
Launch It.
Last updated