ARC-0072 defines a base specification for smart contract non-fungible tokens on Algorand
ARC-0072 is a base specification for non-fungible tokens implemented as smart contracts on Algorand. The standard carries a living status, meaning it remains open to updates.
As a living standard, ARC-0072 can evolve as the ecosystem and its contracts develop. It provides a shared foundation that smart contract NFT implementations can follow, distinct from the earlier ARC-0003 specification which targets the built-in asset models.