# BEP-721

> BEP-721 is a BNB Smart Chain standard enabling creation of non-fungible tokens (NFTs), representing unique, tradable items, extending from the commonly used ERC-721 standard and EVM-compatible, giving each token a distinct ID to tokenize assets.

- Canonical URL: https://iq.wiki/wiki/bep-721
- Categories: Glossary
- Created: 2023-07-31T16:01:32.979Z
- Last updated: 2026-06-18T14:42:31.615Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

---

**BEP-721** is a [BNB Smart Chain](https://iq.wiki/wiki/binance-smart-chain) (BSC) token standard that enables the generation of [non-fungible tokens](https://iq.wiki/wiki/non-fungible-token-nft) (NFTs). It is considered to be an extension of [ERC-721](https://iq.wiki/wiki/erc-721), one of the most commonly used NFT standards, and is compatible with the Ethereum Virtual Machine (EVM). [\[1\]](#cite-id-icdahl04s6r)[\[2\]](#cite-id-22kaerry5b9)

# Overview

BEP-721 tokens enable the tokenization of data ownership, linking it to a unique identifier, and setting it apart from [BEP-20](https://iq.wiki/wiki/bep-20) tokens. While [BEP-20](https://iq.wiki/wiki/bep-20) allows developers to create multiple identical tokens within a single [smart contract](https://iq.wiki/wiki/smart-contract), BEP-721 assigns a distinct token ID to each token, making them individually unique. [\[2\]](#cite-id-22kaerry5b9)

Through these unique IDs, BEP-721 tokens can be used to represent collectible, non-fungible items. Users can trade and transfer these tokens based on their market value, which depends on the token’s rarity or utility. [\[2\]](#cite-id-22kaerry5b9)

BEP-721 tokens can represent digital and physical art, collectibles, in-game items, physical property, real estate, and lottery tickets. [\[1\]](#cite-id-icdahl04s6r)

## BEP-721 Token Functions

BEP-721 has a list of functions that govern how the token interacts with the BNB Smart Chain. Some of these are standard and are also present in the BEP-20 standard such as:

* name  —  specifies the name by which other contracts will recognize the BEP-721 token
* symbol  —  a concise name for the token, comparable to a ticker symbol
* balanceOf  —  displays the token balance of a given address
* totalSupply  —  shows the overall amount of tokens generated. [\[3\]](#cite-id-vgasqbwr75)