Tron is the most popular crypto blockchain and has more standard tokens like TRC20, and TRC721 tokens.TRC721 token standard was the NFT standard available on the Tron network for non-fungible token creation. Its function is similar to the ERC721 token standard.
Developing procedures for a TRC721 token is not that complex because it is a public blockchain platform. From the Tron blockchain, the NFT standard TRC-721 was created because the TRC-721 has a unique identity and is Non- interchangeable.
Token standards based on TRC-721 will be created for representing digital assets in the real world. The TRC-721 holder receives ownership of the token and privacy control over their data in the event of a hack or other harmful activities.
However, these token standards have significant potential advantages, many prominent companies are tokenizing their digital collectibles in the form of non-fungible tokens and offering them to the NFT market in order to profit.
Some features of the TRC721 token:
- P2P network
- Highly scalable
- Swapping tokens