Cryptocurrency Q&A
Is ERC20 an NFT?
Is ERC20 an NFT?
KimonoElegance
Tue Nov 05 2024
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7 answers
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I'm confused about the relationship between ERC20 and NFT. I know they are both related to Ethereum, but I'm not sure if ERC20 is considered an NFT. Can someone clarify this for me?
7 answers
Valeria
Thu Nov 07 2024
It is important to clarify that the subject in question is not an NFT.
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mia_harrison_painter
Thu Nov 07 2024
Instead, it is a protocol designed for the creation and storage of both fungible and non-fungible tokens on the Ethereum Blockchain.
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Tommaso
Thu Nov 07 2024
The protocol in question enables the minting and management of various types of digital assets on the Ethereum network.
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Sara
Wed Nov 06 2024
One of the key standards within this protocol is ERC 721.
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DongdaemunTrendsetterStyleIconTrend
Wed Nov 06 2024
ERC 721 is specifically tailored to create non-fungible tokens, or NFTs, on the Ethereum Blockchain.
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