ERC 721 Token Standard | ERC Tokens | Blockchain Game | Ethereum Token Standard

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Ethereum Game with ERC 721 Token Standard

• The Revolution of Blockchain Gaming Industry

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Blockchain in Gaming

• In this modern times, everyone knows, believes
  and try to implement the term blockchain. As it
  plays the main role in this tech world, many
  entrepreneurs are crazy in transforming their
  business across various industries.
• In this current days, not only the financial
  sector experiences the effect of blockchain but
  also the gambling, medical, retail and insurance
  industries feels the impact tremendously.
• Apart from all the industries, gaming is the one
  that accepts to be the most interesting industry
  in the application of the blockchain technology.

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Why Ethereum Blockchain?

• A few years ago, inconceivable applications
  including the basic rights of electronic voting
  and digital record maintenance of property assets
  are made developed now and set up very fast when
  compared to the previous technique.
• As it is found to be easy for developers due to
  the tools availability in building decentralized
  applications. To that, Ethereum makes everything
  possible.
• Ethereum is a distributed decentralized
  blockchain network. Though bitcoin and Ethereum
  found to be similar, there are few important
  technical differences that differentiates the
  purpose and capability of both.

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What is ERC-721 Standard?

• ERC 721 is an Ethereum open standard that is free
  and describes the way to build a non-fungible
  tokens on Ethereum blockchain. In the case of
  fungibility, the fungible tokens are same as
  every other token whereas ERC 721 tokens are
  unique. As a fact, ERC 721 standard guide in
  building non-fungible tokens. In most of the
  cases, it is similar to ERC 20 while considering
  its functionality. The non-fungible properties of
  ERC 721 is captured by the ownership of the
  particular token.
• It is better to know about the token creation and
  token ownership of ERC 721 functionalities.

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Token Creation

• It is nothing but the balance of tokens. That is,
  setting up of an upper limit matters so that
  people not able to create tokens more than that
  limit. ERC 721 token creation is more complicated
  when compared to this. It maintains an array of
  tokens with each token separately added to the
  array.

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Token Ownership

• In general, ERC 20 tokens and its ownership
  rights is written in the smart contracts. It
  includes the details of describing the data about
  the tokens addresses once the deal is performed.
  As it is fungible, these contracts will not get
  that much worry about the specific tokens and
  they all are found to be similar.
• In converse, ERC 721 token is not similar to
  another token due to its non-fungible
  functionality. In this, not only adding an
  address and token balance to the contract is not
  enough but also unique ownership of the token is
  needed to get added to the contract.

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ERC-721 and the Future

• ERC 721 collectibles came with a proven way to
  adopt in the crypto world. However, there needs a
  lot of work before performing the crypto
  adoption. In that way, the idea of developing
  non-fungible collectibles on Ethereum blockchain
  holds a lot of possibilities and it will become
  more advanced over time.
• To create your own game, utilize ERC 721 token
  standard that leads you to acquire the guidance
  of the best ERC token development company. There,
  securitytokenizer furnishes in offering you the
  customized token with an innovative platform as
  per your business demands.
• Ping Here to Create and Shine with your
  own Ethereum Game

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