Non-Fungible Tokens Explained (ERC 721, ERC 1155)

Posted by Chef

Non-Fungible Tokens, or NFTs are digital versions of ancient artifacts or antiques that can be traded on the blockchain. We look at the technologies – ERC 721 and ERC 1155 that make this all happen, and the practical use cases of this!
2:08 ERC 721 Explained
2:40 ERC 1155 Explained (https://blog.enjincoin.io/erc-1155-the-crypto-item-standard-ac9cf1c5a226)
4:14 WAX exchange for NFTs
4:30 VGO items – already generating millions of TPS (https://medium.com/wax-io/how-ethereum-nearly-killed-vgo-the-worlds-most-popular-dapp-1e999e3044cb)
6:49 Why I don’t like Expensive Initial Item Offerings (IIOs)

#NFT #Ethereum #ERC 721

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#Bitcoin #Ethereum #Cryptocurrency #Crypto #Altcoins
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I’m not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.
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