Token Standards
There are numerous token standards across various blockchains. These standards help ensure smart contracts remain composable, so for instance when a new project issues a token, that it remains compatible with existing decentralized exchanges.
Sei Token Standards
Here are some of the most popular token standards on Sei:
- ERC20: A standard for fungible tokens on Ethereum, allowing for the creation of interchangeable tokens used for digital currencies, voting rights, or as staking tokens.
- ERC721: Defines a standard for non-fungible tokens (NFTs) on Ethereum, each representing a unique asset or item. Widely used for digital collectibles and artwork, allowing for the verification of ownership and uniqueness.