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• Checking the approved addresses of an ERC-721 token. • Transffering the ERC-721 token ERC-721 tokens have found applicability in many domains of the Ethereum space, the most relevant being the following: • Gaming: gaming items can be expressed as ERC-721 tokens. Each having a unique set of properties and potentially being a power-up, in-game user customization or any other utility. • VR real estate: is real estate in Virtual Reality simulations defined as ERC- 721 tokens. This could be a subsection of gaming, however it has a unique following com- posed of both gaming and non-gaming enthusiasts that own those assets to speculate on their market price. • Collectibles: due to their uniqueness they are a perfect fit for collectible items. Examples can range from football cards to CryptoKitties, which are virtual pets, able to breed and create other unique tokens. • Utilities: ERC-721 tokens can enable their owners to access resources. An example of this would be ENS names for managing multiple addresses into one readable string. Figure 2.2: Cryptovoxels VR simulation Welcome property represented by an ERC- 721 token.[9] 13PDF Image | NFT finance Leveraging Non-Fungible Tokens
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