The rise of cryptocurrency and the advent of non-fungible tokens has ushered in a new era in the art world that has seen relatively unknown artists achieve fame and fortune in the span of a few short years.
Known as the most popular current standard for the exchange of NFTs, the ERC 721 is the backbone on which other token standards, such as the ERC 1155, were also built.
An NFT whitelist could be explained as a VIP guest list at an event; if you are on it, you get perks such as early access or the opportunity to purchase at a lower price.
While there is a laundry list of ERC token standards out there, a popular one is the ERC 223. ERC-223 is a token standard that is powered by smart contracts.
The virtual land rush, the emergence of increasingly realistic VR technology, and the mass adoption of cryptocurrency that has occurred over the space.
While there are many of these token standards across the Ethereum ecosystem, the ERC 1155 is typically discussed around the use of NFTs.
Learn how to mint an NFT. This guide will teach you the basics of minting and trading NFTs.