base.erc721_approval

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Table Description

The ERC721_approval event is an integral aspect of the ERC721 token standard on the Ethereum blockchain. ERC721 tokens are non-fungible tokens (NFTs), meaning each token is unique and can represent distinct assets, such as digital art, collectibles, or real estate.In the ERC721 standard, the approval function and the associated Approval event are crucial for enabling delegated transfers of individual tokens. This feature allows a token owner to grant permission to another account, typically another user or a smart contract, to transfer a specific ERC721 token on their behalf. This is particularly useful in scenarios where an NFT needs to be managed or utilized by a third party, such as in a marketplace or a game.

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Column Descriptions

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Table Sample