ERC20 vs ERC721

Why don't we use NFT/ERC721 as a license carrier for software?

The ERC20 standard is a much better license carrier than ERC721 because:

  • It is homogeneous

  • It stores value rather than information

  • It is less expensive to manage in larger quantities

  • It is interchangeable

  • It is divisible It represents a single asset

We are aware of the ERC1155 standard, which combines the functionalities of the ERC20 and ERC721/NFT - we are considering its implementation in the future.

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