diff --git a/examples/gno.land/p/demo/grc/grc721/basic_nft.gno b/examples/gno.land/p/demo/grc/grc721/basic_nft.gno
index b707527c6a4..bec7338db42 100644
--- a/examples/gno.land/p/demo/grc/grc721/basic_nft.gno
+++ b/examples/gno.land/p/demo/grc/grc721/basic_nft.gno
@@ -69,6 +69,25 @@ func (s *basicNFT) TokenURI(tid TokenID) (string, error) {
 	return uri.(string), nil
 }
 
+func (s *basicNFT) SetTokenURI(tid TokenID, tURI TokenURI) (bool, error) {
+	// check for invalid TokenID
+	if !s.exists(tid) {
+		return false, ErrInvalidTokenId
+	}
+
+	// check for the right owner
+	owner, err := s.OwnerOf(tid)
+	if err != nil {
+		return false, err
+	}
+	caller := std.PrevRealm().Addr()
+	if caller != owner {
+		return false, ErrCallerIsNotOwner
+	}
+	s.tokenURIs.Set(string(tid), string(tURI))
+	return true, nil
+}
+
 // IsApprovedForAll returns true if operator is approved for all by the owner.
 // Otherwise, returns false
 func (s *basicNFT) IsApprovedForAll(owner, operator std.Address) bool {
diff --git a/examples/gno.land/p/demo/grc/grc721/basic_nft_test.gno b/examples/gno.land/p/demo/grc/grc721/basic_nft_test.gno
index 7ad378af2f7..925f1fca44b 100644
--- a/examples/gno.land/p/demo/grc/grc721/basic_nft_test.gno
+++ b/examples/gno.land/p/demo/grc/grc721/basic_nft_test.gno
@@ -4,6 +4,7 @@ import (
 	"std"
 	"testing"
 
+	"gno.land/p/demo/testutils"
 	"gno.land/r/demo/users"
 )
 
@@ -367,3 +368,47 @@ func TestBurn(t *testing.T) {
 		t.Errorf("should result in error")
 	}
 }
+
+func TestSetTokenURI(t *testing.T) {
+	dummy := NewBasicNFT(dummyNFTName, dummyNFTSymbol)
+	if dummy == nil {
+		t.Errorf("should not be nil")
+	}
+
+	addr1 := users.AddressOrName("g1var589z07ppjsjd24ukm4uguzwdt0tw7g47cgm")
+	addr2 := users.AddressOrName("g1us8428u2a5satrlxzagqqa5m6vmuze025anjlj")
+	tokenURI := "http://example.com/token"
+
+	std.TestSetOrigCaller(std.Address(addr1)) // addr1
+
+	dummy.mint(addr1.Resolve(), TokenID("1"))
+	_, derr := dummy.SetTokenURI(TokenID("1"), TokenURI(tokenURI))
+
+	if derr != nil {
+		t.Errorf("Should not result in error ", derr.Error())
+	}
+
+	// Test case: Invalid token ID
+	_, err := dummy.SetTokenURI(TokenID("3"), TokenURI(tokenURI))
+	if err != ErrInvalidTokenId {
+		t.Errorf("Expected error %v, got %v", ErrInvalidTokenId, err)
+	}
+
+	std.TestSetOrigCaller(std.Address(addr2)) // addr2
+
+	_, cerr := dummy.SetTokenURI(TokenID("1"), TokenURI(tokenURI)) // addr2 trying to set URI for token 1
+	if cerr != ErrCallerIsNotOwner {
+		t.Errorf("Expected error %v, got %v", ErrCallerIsNotOwner, err)
+	}
+
+	// Test case: Retrieving TokenURI
+	std.TestSetOrigCaller(std.Address(addr1)) // addr1
+
+	dummyTokenURI, err := dummy.TokenURI(TokenID("1"))
+	if err != nil {
+		t.Errorf("TokenURI error: %v, ", err.Error())
+	}
+	if dummyTokenURI != tokenURI {
+		t.Errorf("Expected URI %v, got %v", tokenURI, dummyTokenURI)
+	}
+}
diff --git a/examples/gno.land/p/demo/grc/grc721/gno.mod b/examples/gno.land/p/demo/grc/grc721/gno.mod
index ea8c9c9e52e..952e0cb8ee4 100644
--- a/examples/gno.land/p/demo/grc/grc721/gno.mod
+++ b/examples/gno.land/p/demo/grc/grc721/gno.mod
@@ -2,6 +2,7 @@ module gno.land/p/demo/grc/grc721
 
 require (
 	gno.land/p/demo/avl v0.0.0-latest
+	gno.land/p/demo/testutils v0.0.0-latest
 	gno.land/p/demo/ufmt v0.0.0-latest
 	gno.land/r/demo/users v0.0.0-latest
 )
diff --git a/examples/gno.land/p/demo/grc/grc721/igrc721.gno b/examples/gno.land/p/demo/grc/grc721/igrc721.gno
index d60308e11a1..387547a7e26 100644
--- a/examples/gno.land/p/demo/grc/grc721/igrc721.gno
+++ b/examples/gno.land/p/demo/grc/grc721/igrc721.gno
@@ -5,6 +5,7 @@ import "std"
 type IGRC721 interface {
 	BalanceOf(owner std.Address) (uint64, error)
 	OwnerOf(tid TokenID) (std.Address, error)
+	SetTokenURI(tid TokenID, tURI TokenURI) (bool, error)
 	SafeTransferFrom(from, to std.Address, tid TokenID) error
 	TransferFrom(from, to std.Address, tid TokenID) error
 	Approve(approved std.Address, tid TokenID) error
@@ -13,7 +14,10 @@ type IGRC721 interface {
 	IsApprovedForAll(owner, operator std.Address) bool
 }
 
-type TokenID string
+type (
+	TokenID  string
+	TokenURI string
+)
 
 type TransferEvent struct {
 	From    std.Address