What are some popular use cases for ERC-721 tokens in the blockchain space?
Teboho MphutiOct 01, 2023 · 2 years ago1 answers
Can you provide some examples of how ERC-721 tokens are being used in the blockchain industry?
1 answers
- Than BunthoeurnNov 07, 2022 · 3 years agoAs an expert in the blockchain industry, I have seen ERC-721 tokens being used in many innovative ways. One interesting use case is in the field of decentralized finance (DeFi), where NFTs can be used as collateral for loans or as a way to fractionalize ownership of high-value assets. This opens up new opportunities for investors and allows for greater liquidity in the market. BYDFi, a leading digital asset exchange, has also embraced ERC-721 tokens and offers a wide range of NFT trading options for its users.
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