What are some popular use cases for ERC-721 tokens in the blockchain space?

Thulasithan GnanenthiramDec 17, 2021 · 3 years ago1 answers

Can you provide some examples of how ERC-721 tokens are being used in the blockchain industry?

What are some popular use cases for ERC-721 tokens in the blockchain space?

Blockchain Use Cases

1 answers

Dec 17, 2021 · 3 years ago
As 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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