Introducing TRC - 721 the road to NFT assets
After a long wait the NFT (Non fungible token) is there on TRON Blockchain, the TRC-721 token.
Besides TRC-10 regular token, TRC - 20 smart contract token, the TRC-721 is the NFT token with the unique features important to add new features on the TRON blockchain.
Every NFT contains
- an owner ID
- the safe file links
- unique identifier information
A good potential use for the NFT tokens is to guarantee the originality of art or to define ownership of digital art.
Because of its unique ID it is irreplaceble by other tokens and as there can only be one token, it is perfect to connect to services, products or features to prove its authenticity.
For http://www.tronnetwork.store this can be the next step to support the local artist as a platform to sell their original art with proof of authenticity which allows us to expand into being an art gallery.
Besides the application for our webshop, it could also support DeFi products or real estate as well.
As per the official TRON Foundation announcement the following was stated:
“[The] TRC-721 standard allows each token to have its unique value, making it possible to move real-world items on-chain in a truly digital form without compromising their unique values. Tokens created through [the] TRC-721 standard will be able to represent any type of digital or tangible assets in real world, which opens the way for people to own and manage data related to either a specific tangible object or a receipt, and thus create positive effects on industries susceptible to fraud, plagiarism and counterfeit.”