🔗 Token Standards: ERC-20 and ERC-721 Explained — How-To with Power BI
Token Standards: ERC-20 and ERC-721 Explained — How-To with Power BI. Get practical lessons and hands-on examples at AIComputerClasses in Indore to master blockchain skills quickly. Ideal for beginners and working professionals seeking fast skill gains. Includes references to tools like ChatGPT, Power BI, Excel, Figma, or Python where appropriate. This article from AIComputerClasses Indore breaks down token standards: ERC-20 and ERC-721 explained — how-to with Power BI into actionable steps.
2025-10-28 14:23:36 - AiComputerClasses
Blockchain token standards are the backbone of the decentralized economy. Understanding ERC-20 and ERC-721 tokens is essential for developers, investors, and enthusiasts who want to build, trade, or manage digital assets effectively.
At AI Computer Classes – Indore, learners gain hands-on experience analyzing and visualizing token data using Power BI, making blockchain concepts practical and actionable.
- ERC-20 is a fungible token standard used on Ethereum
- Tokens are identical and divisible, like cryptocurrency coins
- Common uses: stablecoins, utility tokens, and governance tokens
💡 Tip: Use Power BI to track ERC-20 token balances and transfers in real-time.
- ERC-721 is a non-fungible token (NFT) standard
- Each token is unique and indivisible, representing digital art, collectibles, or assets
- Used in gaming, digital art marketplaces, and virtual assets
🎯 Exercise: Visualize NFT ownership and transfers using Power BI dashboards.
FeatureERC-20ERC-721FungibilityYesNoDivisibilityYesNoCommon Use CaseCryptocurrenciesNFTsIdentical UnitsAll tokens identicalEach token unique
💡 Practical Tip: Use Power BI to compare transaction volumes, token holders, and transfers for each standard.
- Import blockchain data via API or CSV exports
- Track token supply, holders, transfers, and market trends
- Create interactive dashboards for ERC-20 and ERC-721 tokens
🎯 Hands-On Exercise: Build a Power BI dashboard showing top token holders and daily transactions for ERC-20 tokens.
- Import NFT metadata into Power BI
- Visualize token rarity, creator stats, and ownership distribution
- Track market activity and trends for individual NFTs
💡 Tip: Highlight unique NFTs using charts, tables, and filters for detailed analysis.
- For ERC-20: monitor liquidity, token transfers, and active addresses
- For ERC-721: track NFT engagement, trading volume, and ownership concentration
- Use dashboards to make informed investment or development decisions
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Master blockchain token standards and Power BI analytics with hands-on exercises and real-world projects.
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🌟 Conclusion: Understand and Leverage Token StandardsUnderstanding ERC-20 and ERC-721 tokens is vital for blockchain development, trading, and analytics. Using Power BI, learners can transform blockchain data into actionable insights, visualize trends, and make data-driven decisions.
At AI Computer Classes – Indore, students gain practical, hands-on experience, making blockchain concepts clear, engaging, and ready for professional application.
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