BEP-721 is a term in cryptocurrency and blockchain technology. It refers to a specific token standard on the Binance Smart Chain (BSC), which is an alternative blockchain platform that facilitates the creation of digital assets and smart contracts.

The BEP-721 standard is analogous to Ethereum’s ERC-721 token standard, and it is designed for the creation of non-fungible tokens (NFTs) on the Binance Smart Chain.

NFTs are unique digital assets that represent ownership of distinct items, collectibles, or digital content. Unlike fungible tokens, like cryptocurrencies, NFTs are indivisible and cannot be exchanged on a one-to-one basis.

BEP-721 tokens are widely utilized in various applications, including digital art, virtual real estate, gaming, and digital collectibles. Each BEP-721 token has a unique identifier, allowing for proven ownership and scarcity, which is a crucial feature for artists, content creators, and collectors in the digital space.

These tokens have gained significant popularity due to their ability to offer secure and transparent ownership records on the Binance Smart Chain.