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Simone Lia

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NFT Token Development Services

Blockchain technology is growing at a faster rate as many businesses are trying to incorporate it into their businesses. One of the popular applications of blockchain technology is crypto token creation. Crypto tokens are generally classified into two types, fungible and non-fungible tokens.

Here, non-fungible token creation is one of the high-revenue generating streams and has helped many artists to get profited in their lives. There is numerous blockchain available in the crypto space for non-fungible token creation like Ethereum, Tron, and BNB chain. The NFT standards of the above-mentioned blockchain are ERC721, TRC721, BEP721, etc.

As NFTs are revolutionizing this modern world, many startups and entrepreneurs are in a move to create their own NFTs. In this article, we shall discuss everything about non-fungible token development, its benefits, etc. Now, we shall start this article with…

What is meant by a non-fungible token?

Non-fungible tokens are a unique type of crypto tokens that represent a real-world digital collectible. Those collectibles include art, paintings, GIFs, sneakers, game items, etc. Each NFT has a unique value and characteristic, so an NFT cannot be swapped or exchanged with any other NFT. Non-fungible tokens creation have unique properties that include.

  • Standardization
  • Tradeability
  • Interoperability
  • Immutability
  • Liquidity
  • Provable scarcity
  • Programmability

Now, we shall list some of the popular non-fungible tokens in the crypto ecosystem.

  1. Crypto Kitties
  2. Decentraland
  3. Sorare
  5. Rarible
  6. Axie infinity
  7. FND NFT
  8. Waifus
  9. Opensea
  10. Hash Marks

As said earlier, non-fungible tokens can be created using any of the token standards like ERC721, TRC721, BEP721, etc. Non-fungible tokens have the following characteristics like,

  • Transparency
  • Ownership
  • Interoperability
  • Uniqueness
  • Indivisibility

Not only these characteristics, numerous benefits are offered by creating non-fungible tokens.

The admirable use-cases of NFT token development includes,

  • Art tokenization
  • NFT for gaming
  • Digital assets
  • NFT for fashion
  • NFT marketplace
  • Lending platform
  • Music and videos
  • NFT for real estate
  • NFT for collectibles
  • Identity, etc.

On seeing all these features and benefits, you might be interested in NFT token development. You should know the steps to create a non-fungible token. Below is the following.

How to develop a non-fungible token?

The NFT token creation can be done in two methods like development on your own or approaching a NFT token development service provider Developing a non-fungible token on your own can be executed with some NFT tools and support. Each blockchain has their own non-fungible token standard like ERC721 and ERC1155 for Ethereum, TRC721 for Tron and BEP721 for BNB chain.

You should include the token name, symbol, quantity of tokens to be developed, collectible to be converted into an NFT are to be included in the smart contract. If any mistakes happen in the technical part, then it might lead to some errors. Those errors will affect the entire development part. So, high carefulness is required for developing an NFT on your own.

The other method is developing a non-fungible token with the help of a reputed NFT Token Development Service provider in the crypto ecosystem. They’ll guide you from planning to deployment of your non-fungible token. As NFT creation offers numerous benefits, many startups are interested in developing them. All you have to do by your side is, choosing a professional NFT development company in the crypto space.

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