NFT component

A Non-Fungible Token (NFT) is used to identify something in a unique way.

This type of token is perfect for platforms offering items representing one smart contract with different values, so far NFT has found its first and most popular application in representing works of art.

Due to the maturing technology use cases are in the development stage. The finance and insurance industries are another sectors in which NFTs can do well. Stock indexes are one example.

This special type of Token has amazing possibilities so it deserves a proper Standard, the ERC-721 came to solve that!

ERC-721

The ERC-721 introduces a standard for NFT, in other words, this type of Token is unique and can have different value than another Token from the same Smart Contract, perhaps due to the set of mathematical formulas, the group it will represent or the time limiting the user to make a token transfer.

All NFTs have a uint256 variable called tokenId, so for any ERC-721 Contract, the pair contract address, uint256 tokenId must be globally unique. Said that a dApp can have a "converter" that uses the tokenId as input and outputs a insurance policy with a unique value.

Our team works hard to keep up with technological innovations, we thank you for your support, our work makes sense when we see so much interest.

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Crypto Sara Team