Understanding NFT Standards: From ERC-721 to Compressed NFTs
A comprehensive guide to NFT standards across different blockchains and their use cases.
The Evolution of NFTs NFTs have evolved far beyond simple JPEG ownership. Today's standards support complex functionality including programmability, compression, and hybrid models. ERC-721 (Ethereum) The original NFT standard that started it all. ERC-1155 (Ethereum) Multi-token standard supporting both fungible and non-fungible tokens. Metaplex Standards (Solana) - Standard NFTs - Traditional 1:1 NFTs - Compressed NFTs - Up to 99% cheaper minting costs - Programmable NFTs - Built-in royalty enforcement Which Standard to Choose? The choice depends on your use case: - Art/Collectibles: ERC-721 o…