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Besides ERC-20, What Is Another Common Token Standard and Its Primary Use?

ERC-721 is the standard for Non-Fungible Tokens (NFTs), used primarily to prove unique ownership of assets.
Greeks.Live16.11.25

Besides ERC-20, What Is Another Common Token Standard and Its Primary Use?

A common alternative is ERC-721, which is the standard for Non-Fungible Tokens (NFTs) on Ethereum. Unlike ERC-20, ERC-721 tokens are unique and non-interchangeable, each having a distinct ID and metadata.

Its primary use is to prove ownership of unique digital or physical assets, such as art, music, or virtual real estate.

How Does the ERC-721 Standard Differ Fundamentally from ERC-20?
How Does ERC-1155 Improve Gas Efficiency over ERC-20 and ERC-721?
What Is the Primary Difference between Fungible and Non-Fungible Tokens?
How Does a Token Standard like ERC-20 Fundamentally Differ from an NFT Standard like ERC-721?

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