BEP-721

BEP-721 is a technical standard on the Binance Smart Chain (BSC) that governs the creation and management of non-fungible tokens (NFTs). NFTs are unique digital assets that represent ownership or proof of authenticity of a specific item or piece of content. The BEP-721 standard outlines the rules and functionalities for the issuance, transfer, and ownership tracking of NFTs within the Binance Smart Chain ecosystem.

Examples:

• CryptoPunks and CryptoKitties are popular examples of NFT projects that utilize the BEP-721 standard on the Binance Smart Chain.
• Artworks, collectibles, virtual real estate, and in-game items are some examples of assets that can be tokenized as NFTs using the BEP-721 standard.

Cases:

• Artists and creators can tokenize their digital artwork or creations as NFTs using the BEP-721 standard, enabling them to sell and distribute their work in a secure and decentralized manner.
• Gaming companies can use BEP-721 NFTs to represent unique in-game items, characters, or assets, allowing players to buy, sell, and trade them in various virtual worlds or gaming platforms.
• Real estate companies can tokenize properties as NFTs on the Binance Smart Chain using the BEP-721 standard, facilitating fractional ownership, trading, and investment in real-world assets on the blockchain.