ERC-721 vs Token

A technical standard for non-fungible tokens (NFTs) on Ethereum that enables unique, individually distinguishable digital assets where each token possesses distinct characteristics and cannot be exchanged on a one-to-one basis like fungible currencies.

A digital asset created and managed through smart contracts on an existing blockchain platform, representing various utilities, assets, or rights without requiring its own independent blockchain infrastructure, distinct from coins that operate their own networks.