Can ERC-721 tokens be used for more than just collectibles in the cryptocurrency market?

3 answers

• May 07, 2022 · 3 years ago
  Yes, ERC-721 tokens can be used for more than just collectibles in the cryptocurrency market. They can also represent ownership of real-world assets such as real estate or artwork. This allows for fractional ownership and easier transfer of these assets on the blockchain. It opens up new possibilities for decentralized finance and tokenization of assets.
  356

  178
• May 07, 2022 · 3 years ago
  Absolutely! ERC-721 tokens have the potential to revolutionize the way we think about ownership and asset management. With the ability to represent unique, indivisible assets on the blockchain, these tokens can be used for a wide range of applications, including in-game items, event tickets, and even intellectual property rights.
  331

  111
• May 07, 2022 · 3 years ago
  Definitely! ERC-721 tokens have gained popularity not only in the collectibles space but also in various other industries. For example, in the real estate industry, ERC-721 tokens can be used to represent ownership of properties, allowing for easier and more efficient property transfers. Additionally, these tokens can be used for identity verification, supply chain management, and much more. The possibilities are endless!
  425

  107