ERC-721 Tokenization Standard
ERC-721 is a technical standard for non-fungible tokens (NFTs) on the Ethereum blockchain. It defines rules and guidelines that all NFTs must adhere to, ensuring interoperability within the Ethereum ecosystem. ERC-721 tokens are widely used for digital collectibles, games, art, and luxury items. This standard enables the creation of provably rare assets and facilitates seamless interaction between different ERC-721 tokens and applications.