TheBulletinBriefs
NFTs exploded from $82M to $17.6B in one year. But what tech powers this massive growth?
Introduced in 2017, ERC-20 ensures interchangeable tokens, perfect for digital currencies and ICOs.
Approved in 2018, ERC-721 created NFTs, making each digital asset one-of-a-kind. Think CryptoKitties!
ERC-20 tokens are like cash – any dollar is the same. ERC-721 tokens are like unique artworks.
These rules ensure seamless interaction between smart contracts, fostering innovation and trust in Web3.
This 'multi-token' standard handles both fungible and non-fungible assets, perfect for Web3 gaming.