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William Entriken 2018-03-08 15:54:12 -05:00 committed by GitHub
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EIPS/eip-721.md
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@ -31,7 +31,7 @@ In general, all houses are distinct and no two kittens are alike. NFTs are *dist
A standard interface allows wallet/broker/auction applications to work with any NFT on Ethereum. We provide for simple ERC-721 smart contracts as well as contracts that track an *arbitrarily large* number of NFTs. Additional applications are discussed below. A standard interface allows wallet/broker/auction applications to work with any NFT on Ethereum. We provide for simple ERC-721 smart contracts as well as contracts that track an *arbitrarily large* number of NFTs. Additional applications are discussed below.
This standard is inspired by the ERC-20 token standard](https://github.com/ethereum/EIPs/blob/master/EIPS/eip-20-token-standard.md) and builds on two years of experience since EIP-20 was created. EIP-20 is insufficient for tracking NFTs because each asset is distinct (non-fungible) whereas each of a quantity of tokens is identical (fungible). This standard is inspired by the ERC-20 token standard and builds on two years of experience since EIP-20 was created. EIP-20 is insufficient for tracking NFTs because each asset is distinct (non-fungible) whereas each of a quantity of tokens is identical (fungible).
Differences between this standard and EIP-20 are examined below. Differences between this standard and EIP-20 are examined below.