Use cases for ERC721 (ethereum non-fungible tokens)

[Nat77777]

I’m interested in thoughts on potentially high impact use cases, beyond cryptokittoes and decentraland. Do you think this token standard will have a big impact on the future of ETH (price, utility), or will this standard be more of a novelty that never realizes true staying power and only has transient impact on crypto?
I’m not even sure of any big impact projects that use this standard - interested if people know as I’m trying to learn more - it’s certsinly an interesting protocol but not sure of huge uses.

[Olga Khan]

It seems that ERC721 can work, because it is possible to work on changing the position of Ethereum in such market conditions. I hope this will bring profits for investors.

[BartholomewBTC]

It could work. ERC721 that is ethereum non-fungible tokens and it has the potential to influence  Ethereum's position. I wish for its success and hope it will take advantage for the investors.

[butka]

Do you think this token standard will have a big impact on the future of ETH (price, utility), or will this standard be more of a novelty that never realizes true staying power and only has transient impact on crypto?

It may very well be just a nice try without real impact on real life situations. Why? Because it has worked with cryptokitties, but cryptokitties are entirely digital assets.

Will it work with physical assets, like land, real estate, diamonds, or collectibles? I doubt, or at least not without difficulties, and not right away.

For real life applications we need a way to associate physical objects with non fungible ETH tokens. This is called the "Oracle problem". Whom will you trust that your non-fungible token you have just bought represents the actual house? Exactly, difficult to trust anyone. Because of that, we need an Oracle that will ensure and enforce this legally. Until there is some regulation in this area, I doubt we will see a real impact of ERC721 on the future ETH price or any other cryptocurrency.

[Barrycuda007]

"Do you think this token standard will highly affect the eventual fate of ETH (value, utility), or will this standard be to a greater degree an oddity that never acknowledges genuine resilience and just transiently affects crypto?
"

[CrashGangster]

I'm not by any means beyond any doubt of any enormous effect extends that utilization this standard - intrigued if individuals know as I'm attempting to take in more - it's absolutely a fascinating convention however not certain of tremendous employment.

[Barrycuda007]

ETH are more secure and potential. ERC721 are do something good in future. it is following liquidity thats why anything can be happen here. it will turn around and make more profit for investor. its future are good.

[Horraygram]

it is following liquidity that's why anything can happen here but it is more promising to make profit. it will do something good in future. its future are more bright. ETH are more secure and potential. ERC721 will increase its price.

[PureDefender]

ETH are more secure and probable thats why ERC721 will increase its price and make more profit. it is more potential. its future are more bright. it is more reliable and its structure are very strong.

[steve_rogers321]

ERC721 that is ethereum non-fungible tokens and I hopes that, it will have the power to bring Ethereum back to its predominant state. The probability of ERC721 is much more I believe.