Creating an ERC-721 token – DigitalArtERC721Token
For artists, when they want to sell their products, it is often hard to connect with dealers and collectors. Even if they manage to connect with dealers and collectors, the party on the other side may not be interested in buying the artist’s product. Selling their art to the next owner may take a long time due to the many layers of the middleman. The entire process is not transparent and not efficient. Blockchain, however, is a technology that can provide you with opportunities to make the process more transparent.
An art gallery is a great example of an ERC-721 token use case. ERC-721 tokens are NFTs and essentially have a unique identity that can be used to represent digital ownership. The token itself is genetically traceable. When a digital art owner assigns a unique token ID, along with the original author’s information, the art token can be used to track the entire transaction history when product ownership...