Over the recent few years, the crypto industry is growing to its peak. Many new entrepreneurs have started involving in crypto-related activities like crypto token creation, crypto exchange development, etc. Basically, non-fungible token development has been revolutionizing the crypto sector.
While speaking of non-fungible tokens, are the tokenized versions of digital collectibles. Those collectibles include digital art, paintings, GIFs, and even popular tweets that can be converted into an NFT. Non-fungible tokens have some special elements like extended metadata, owner’s identification number, file links, etc.
There are various token standards available in prominent blockchains like Ethereum, Tron, BNB chain, etc. The popular non-fungible token development standards are ERC721, TRC721, and BEP721. Among these standards, TRC721 is well-known among the crypto people. In this article, we shall discuss TRC721 token development, how to create them, etc.
Come, let us initiate this log with…
What is meant by the TRC721 token?
TRC721 is the most popular non-fungible token development standard in the crypto space. The TRC721 token standard was first introduced in Dec 2020 and it became popular within these years. Basically, TRC721 tokens are non-exchangeable tokens that cannot be interchanged with any other tokens. Because each token has its unique value and characteristics. So, it can be only considered a collectible.
The most popular example of a TRC721 token is Cryptoflowers. It is also a game similar to crypto kitties. Here, you can collect and breed cryptoflowers by means of a smart contract in the Tron blockchain. Now, we shall see some of the prominent NFT platforms compatible with TRC721 tokens.
- Art tokenization
- NFT for games
- NFT for sports
- Fashion industry
- Lending platform
- Content subscription platforms
- NFT for music, etc
How to create a TRC721 token?
Basically, a TRC721 token can be developed using two methods, one is developing on your own and the other is using a TRC721 token development service provider. Creating a TRC721 token on your own involves certain parameters. They are,
- Token name
- Token symbol
- Quantity of tokens to be developed
- Smart contract
- The suitable collectible that you’re going to convert into an NFT.
By including these factors in your smart contract, you can develop your TRC721 token. But, developing a TRC721 token on your own might lead to some errors if any mistake is laid in the technical part. To avoid those circumstances, you can go with a reputed TRC721 token development service provider in the crypto ecosystem for effective results.
Outstanding features of TRC721 token development
- P2P decentralized network
- Swapping of tokens
- Secured payment transactions
- Record transactions
- No limitations to transfer any data
- Track transactions
- Highly scalable
- High speed transactions
- Smart contract integration
- In-built security mechanism, etc
On considering these features, many people are interested in creating TRC721 tokens. For developing a first-class TRC721 token, you can approach a professional TRC721 Token Development service provider in the crypto ecosystem. They will guide you from token development to deployment. So, create your TRC721 token and earn hefty profits easily.