Non-Fungible Token Development Platform

ERC721

The very first standard to showcase non-fungible digital assets, the ERC721 is an inheritable Solidity smart contract standard. ERC721, by providing access to the mapping of unique identifier addresses, aids in locating the owner of that identifier. That’s not all, however, as ERC721 also helps in providing a permissive way to transfer assets.

ERC1155

Known to bring the idea of semi-fungibility inside the NFT world is the ERC1155 token standard. ERC1155 has helped IDs represent many classes of assets, which wouldn’t have been the case otherwise. Its key factor lies in its easy transferable nature. Moreover, it gives its users the option to not enter the token address each time in order to purchase several assets that are of the same kind. This further helps the user in creating reduced multiple smart contracts and also reduces the overall transaction time. For example, a user would normally have to select the token quantity of the items given every addition in their cart. ERC1155 minimizes just that and helps all save some precious time.

TRC 721 Token

A protocol for issuing NFTs on the TRON network, TRC 721 token standards work in full compatibility with ERC721 token standards. It is most useful in the process when an average person wants to increase the unique value of NFTs, which is done by allowing them to digitize their collectables.

After all, experts say that TRON’s public chain infrastructure is good for offering hassle-free deployment of TRC 721 to the user’s unique collectables It’s also worth noting that the TRC 721 standard, in particular, represents any kind of digital or tangible assets in the real world. It is believed that the TRC 721 development will see huge adoption in the near future.

The functionality of Non-Fungible Tokens

• • For unique digital assets, NFTs (or Non-Fungible Tokens) can prove to be extremely useful
• • For both tangible and intangible assets, NFTs can be used to provide and represent digital acceptance.
• • NFTs cannot be inter-exchanged and are unique, each one possessing a unique specification
• • More of their unique nature allow NFTs to not be bought in exchange markets. This means they can only be created, purchased, or traded in their original marketplaces

Characteristics of Non-Fungible Tokens

• • NFTs can be prepared on contract-enabled blockchains if proper non-fungible token tools and support are at the disposal
• • ERC-721 – which is Ethereum’s standard protocol – is not just crucial but also common for Non-Fungible Tokens
• • NFTs allow finding detailed information like the owner’s identity, or more if are found along with their smart contracts.
• • As is the case with traditional shares and other assets, NFTs also offer proof of purchase and digital ownership of an asset in the real world

Features Accumulated by ERC-721 Token Development

• • Non-interchangeable: NFTs possess a non-interchangeable and non-interoperable nature, restricting themselves to be used from one marketplace to another.
• • Indivisible: NFTs cannot be separated into lesser denominations, thanks to their unique protocol specifications
• • Recoverable: NFTs are easily recoverable and even indestructible to a good extent given the fact that the data of a typical NFT is stored in a blockchain via smart contract. This also allows them to be easily trackable back and forth
• • Verifiable: NFTs have the ability to be verified directly by the creators without any extra authentication process, all thanks to their property to store ownership data directly on the blockchain

Sofocle’s NFT Marketing Services

We, as industry leaders in all things Blockchain, follow our very own marketing strategy to help in a business revenue
We are always working hard to ensure we develop products that help your business. Here’s a quick walkaround of the same

Developing Idea and Implementation

We offer services that ensure we implement creative and interesting ideas our user want for their business. And it’s very simple how we achieve the same. On the basis of the project, we advertise our user’s products – including certain documents – in order to increase their popularity in several perimeters

Social Media Marketing

At Sofocle, we feel it’s very necessary for people to get to know the whole concept of NFTs and why they’re shelling out some bucks for some type of digital image/piece. This is because it’s known that average people too, apart from crypto experts, use NFTs.

Building Community

It’s very important to build a community for certain crypto projects. NFT development is no different. What can help a user the most is spreading the word in their private community, which can also convert a few known leads into investing and buying the user’s NFTs themselves.