An ERC721 token is a type of non-fungible token (NFT) standard on the Ethereum blockchain. Unlike traditional cryptocurrencies like Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, ERC721 tokens are unique and indivisible, making each token distinct from one another. This uniqueness and indivisibility make ERC721 tokens particularly suitable for representing ownership of digital or physical assets that have distinct characteristics and values.
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