The majority of decentralized applications and ICO fundraisers employ the ERC20 standard, which is the one that is most widely used for issuing tokens on the Ethereum network.
NFT creation, management, and transfer on the Ethereum blockchain are governed by the ERC721 set of rules. Unlike ERC20 tokens, each ERC721 coin has a unique set of characteristics and values. These NFTs can stand in for a variety of things, including digital treasures, in-game objects, works of art, music, memes, and real estate.
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