Questions tagged [erc-721 token]

SolitudeNebula Thu Aug 08 2024 | 5 answers 926

Are you considering launching your own ERC-721 NFT contract on Ethereum? It's a big decision that requires careful consideration. On one hand, NFTs are all the rage right now, offering unique opportunities for creators, collectors, and investors alike. But on the other hand, there are significant risks and challenges involved in creating and managing your own smart contract. Before you dive in, you should ask yourself a few key questions. Do you have the technical expertise to create a secure and functional ERC-721 contract? Have you thoroughly researched the legal implications of creating and selling NFTs? And most importantly, do you have a clear vision for how your NFTs will add value to the market? If you're not sure about the answers to these questions, it might be worth exploring other options, such as partnering with an experienced NFT platform or working with a team of experts to help you navigate the complexities of the Ethereum ecosystem. Ultimately, the decision to publish your own NFT contract is a personal one, but it's important to approach it with a healthy dose of caution and due diligence.