• bitcoin

    Bitcoin (BTC)

    $ 5,580.00 5.46%
  • ethereum

    Ethereum (ETH)

    $ 174.76 2.36%
  • ripple

    XRP (XRP)

    $ 0.326050 0.56%
  • stellar

    Stellar (XLM)

    $ 0.112435 1.08%
  • eos

    EOS (EOS)

    $ 5.31 2.06%


Mapping out the non-fungible token ecosystem

Quick Take

  • Non-fungible tokens are unique crypto tokens that are not interchangeable
  • The ERC-721 token standard for non-fungible tokens was introduced by AxiomZen developer Dietery Shirley

The concept of a non-fungible token (NFT) has been ingrained into the minds of developers, investors, and users in the Ethereum community ever since the world discovered the moderately popular CryptoKitties game.¹ Unlike traditional cryptocurrencies and tokens, which typically aim to be fungible, NFTs are specifically created to be unique and thus not interchangeable.