Summary

In this chapter, we discussed several topics related to NFTs on the Ethereum network. First, we compared and contrasted several popular ERC standards for NFTs, including ERC-721, ERC-1155, ERC-998, and ERC-721x, outlining their key features, limitations, and potential use cases. We also discussed the emergence of new standards and technologies for rNFTs, which can provide a new revenue stream for creators and increase the functionality and accessibility of NFTs. Then, we explored a simple example of an ERC-721-based smart contract for creating and retrieving custom NFTs with specified names and metadata.

We also discussed the issue of gas prices on the Ethereum network, which can make it expensive and difficult to transact with NFTs during periods of high demand. We provided several examples of the impact of gas prices on NFT transactions and the NFT ecosystem as a whole. Our discussion highlighted the potential and challenges of NFTs on the Ethereum network, as well as...