TEP-721
What is TEP-721 ?
TEP-721 is a token standard for non-fungible tokens (NFTs) on the TAN-chain blockchain. Similar to ERC721 on Ethereum, TEP-721 defines a set of rules and behaviors for implementing NFTs, allowing developers to create unique digital assets that are indivisible, distinguishable, and provably scarce.
Key Features of TEP-721
Non-Fungible Tokens (NFTs) : TEP-721 tokens are non-fungible, meaning each token is unique and cannot be replaced or exchanged on a one-to-one basis like cryptocurrencies. Each token represents a distinct digital asset, such as artwork, collectibles, or in-game items.
Indivisibility : TEP-721 tokens are indivisible, meaning they cannot be divided into smaller units like fungible tokens (e.g., cryptocurrencies).
Ownership and Transferability : TEP-721 tokens allow for ownership transfer between addresses on the TAN-chain blockchain. Ownership is tracked on-chain, providing transparent and immutable records of token ownership history.
Metadata and URI : TEP-721 tokens can optionally include metadata, such as descriptions, images, or other attributes that provide additional information about the token and its associated digital asset.
Approval and Operator : TEP-721 tokens support token approval and operator functionalities, allowing token owners to grant specific addresses permission to transfer tokens on their behalf.
Use cases
Digital Art and Collectibles : TEP-721 tokens can be used to represent digital art pieces, collectible items, and limited edition assets.
Gaming Assets and Items : In gaming, TEP-721 tokens can represent in-game assets, characters, skins, weapons, and other virtual items.
Real Estate and Property Ownership : TEP-721 tokens can tokenize real-world assets such as real estate properties, land parcels, and luxury goods.
Digital Identity and Credentials : TEP-721 tokens can be used to tokenize event tickets, concert passes, festival tickets, and VIP access passes. Organizers can issue TEP-721 tokens as digital tickets, allowing attendees to securely purchase, transfer, and redeem tickets on the blockchain.
Intellectual Property and Licensing : TEP-721 tokens can represent intellectual property rights, copyrights, patents, and licenses for digital content and creative works.
Deploying TEP-721 Token Contracts
There are several methods to deploy a TEP-721 token contract on the TAN-chain network.
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