What is ERC-721?
Who Invented ERC-721?
[link term_id=”31978″]CryptoKitties[/link] follows the ERC-721 standard; the cat collecting game used the beta version of ERC-721 before the standard was finalized.
A brief history
September 2017 – Dieter Shirley introduces EIP721.
December 2017 – CryptoKitties is so popular that it congests the Ethereum network, causing it to slow down significantly.
December 2017 – NFT marketplace OpenSea launches. By 2022 it is the largest NFT marketplace, with $5 billion in monthly sales.
June 2018 – ERC-721 is accepted as ‘final’, which means there is a strong consensus among Ethereum developers to accept it as a standard.
May 2019 – Nike files and is awarded a patent that utilizes ERC-721 standard.
February 2020 – Decentraland, a virtual world built using ERC-721 NFTs to represent land and virtual objects, launches.
March 2021 – Beeple’s EVERYDAYS: THE FIRST 5,000 DAYS NFT sells for $69.3 million at Christie’s auction house.
December 2021 – NFT sales in 2021 reached $25 billion.
What’s so special about ERC-721?
How are ERC-721 NFTs produced?
How do you get hold of ERC-721 NFTs?
What can you do with ERC-721 NFTs?
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