Blog Post

ERC-721 Token Development

ERC721 token development is the process of creating a non-fungible token (NFT) that conforms to the ERC721 standard. ERC721 is a technical standard for creating smart contracts on the Ethereum blockchain. It defines a set of rules that all ERC721 tokens must follow, such as the following:

  • Each token must have a unique identifier.
  • The ownership of each token must be tracked.
  • Tokens can be transferred from one address to another.
  • Tokens can be destroyed.
The process of developing an ERC721 token can be divided into the following steps:

Design the token: This involves deciding on the token’s name, symbol, total supply, and any other features that you want the token to have.

Create the smart contract : The smart contract is the code that will govern the token’s behavior. It must be written in Solidity, the programming language used for Ethereum smart contracts.

Deploy the smart contract to the Ethereum blockchain: This can be done using a variety of tools, such as Remix or Truffle.

Create a token metadata file: This file will store information about each token, such as its name, symbol, and image.

Market and distribute the token: Once your token is deployed to the blockchain, you will need to market it and distribute it to potential users.

Important features of our ERC721 Token:

Ownership restrictions: You can restrict the ownership of tokens to certain users or to certain addresses.

Royalties: You can collect royalties on every time a token is sold.

Fungible: ERC721 tokens are fungible, meaning that they are interchangeable with each other.

Mintable: ERC721 tokens can be minted, which means that new tokens can be created.

Burnable: ERC721 tokens can be burned, which means that they can be destroyed.

Extensible: ERC721 tokens can be extended to add new features.

Pausable: ERC721 tokens can be pausable, which means all transactions can be paused.