Creating Your Very Own TRC-721 Token | Built on TRON blockchain

Creating Your Very Own TRC-721 Token | Built on TRON blockchain

Creating Your Very Own TRC-721 Token | Built on TRON blockchain

TRC-721 standard, TRC-721 is a set of standard interfaces for issuing NFTs on the TRON network and is fully compatible with ERC-721, the standard used for creating NFTs on the Ethereum blockchain.

Why is TRON launching an NFT standard? First announced in December 2020, TRON's NFT standard aims to open up new possibilities for applications built on its blockchain. In the long term, it could also add to the growing pressure on Ethereum from rival NFT platforms such as Flow. While Ethereum remains the dominant force in the NFT ecosystem, ETH transaction fees have soared amid the NFT boom—something the smart contract platform hopes to address with its impending move to Ethereum 2.0's proof of stake consensus mechanism.

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