A few days ago, TRON Foundation has launched the newest addition to the TRON blockchain which is the NFT standard protocol TRC-721.
Every NFT contains the following, an owner ID, rich metadata, the important safe file links, and other identifying information that are recorded in its smart contract which makes it irreplaceable.
The launch of TRC-721 is believed to open endless possibilities for new blockchain applications, more DeFi projects could integrate with NFT’s and the standardized NFT’s will create limitless opportunities on TRON.
Here are the details about TRON’s newly launched TRC-721.
What is TRC-721?
The TRC-721 is the first non-fungible token on the TRON blockchain and each TRC-721 has a unique ID which makes it irreplaceable compared to other tokens in the market.
(1/3)🥳#TRON is excited to unveil its first NFT standard protocol TRC-721!
The launch of #TRC721 will open up huge possibilities for new blockchain applications.https://t.co/FjlKdrZjxy
— Justin Sun🌞 (@justinsuntron) December 24, 2020
Each token has its unique value and every token that is created through TRC-721 will be able to represent any type of digital or tangible assets, it creates an important role as TRC-20, plus developers would benefit the most and TRC-721 would be easier for them to merge it with their own applications and products. Except to see more apps for TRC-721 in the next following months.
The TRC-721 would be the next big thing from TRON Foundation and could be adopted into many cases in the future.
What is TRON?
TRON is a blockchain-based decentralized platform that was founded by Justin Sun. TRON aims to create a free, global digital content entertainment system with distributed storage technology and allows easy and cost-effective sharing of digital content.
TRON is dedicated to building the infrastructure for a truly decentralized Internet.
TRON has been and continues to be strong this year despite the pandemic situation and with the launch of the TRC-721, it is something to keep an eye on for next year.
We look forward to the next year 2021 and we hope all of you are safe and enjoying the holidays with your loved ones.
For more news and updates, see Tron Spark.
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