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The ERC20 Token Standard is a set of 8 functions to be included (in an agreed upon language) in a smart token contract in order to enable interoperability across multiple interfaces and dapps. These functions relate to (1) how tokens can be transferred (2) how to access data about the token, and (3) how to format key events like transfers and approvals. ERC stands for Ethereum Request for Comments.
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How to write a purchase function for an ERC721 using an ERC20?
I am trying to write a function in our erc721 contract to purchase an nft token with an erc20 token. As I understand it, it is not possible to import erc20 into an erc721. Does that mean the purchase …