BEP-721

Through these unique IDs, BEP-721 tokens can be used to represent collectible, non-fungible items. Users can trade and transfer these tokens based on their market value, which depends on the token’s rarity or utility.

BEP-721 tokens can represent:

1. Digital and physical art

2. Collectibles

3. In-game items 

4. Physical property and real-estate

5. Lottery tickets

BEP-721 token functions

BEP-721 has a list of functions that govern how the token interacts with the BNB Smart Chain. Some of these are fairly standard and are also present in the BEP-20 standard:

• name: Defines the BEP-721 token’s name, which other contracts will identify it by

• Symbol: A shorter name for the token similar to a ticker symbol

• balanceOf: Shows the token balance of a specific address

• totalSupply: Defines the total number of the tokens created.

There’s also a set of basic ownership functions, some of which are optional to include. A unique feature for NFTs is the metadata function:

tokenMetadata: This function allows for the inclusion of metadata into a token used to link to an artwork file or another collectible aspect of the NFT.