BEP-721 is a BNB Smart Chain (BSC) token standard in the Binance ecosystem; it can be used as a smart contract standard for tokens like BEP-20. The author of a BEP is responsible for reaching a consensus among the Binance community, and after the proposal is evaluated and approved by the community, it becomes a standard. The BEP-721 specification was developed to offer the ability to track and transfer NFTs inside smart contracts.
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