What is the difference between ERC20 and ERC721 Tokens in simple terms?
A) The tokens of a certain ERC20 symbol are all the same, the tokens of an ERC721 symbol are all different. So, ERC20 tokens are fungible, while ERC721 tokens are non-fungible.
B) The tokens of a certain ERC20 symbol are all different, the tokens of an ERC721 symbol are all the same. So, ERC20 tokens are non-fungible while ERC721 tokens are fungible.

Question

Quizplus · Accepted Answer

ERC20 tokens are fungible, meaning each token is identical and interchangeable, like currency. ERC721 tokens are non-fungible, meaning each token is unique and not interchangeable, like collectibles.

What Is the Difference Between ERC20 and ERC721 Tokens in Simple