ERC 1155
What are ERC-1155 tokens?
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What are ERC-1155 tokens?
Last updated
Was this helpful?
ERC-1155 tokens were developed by Enjin.
It is a way of creating both fungible (currencies) and non-fungible
i.e. digital cards, pets and in-game skins assets.
They can be used to represent assets or items across Enjin’s ecosystem of blockchain games.
So one asset can be used in multiple games.
The ERC-721 standard’s token ID is a single non-fungible index and the group of these non-fungibles is deployed as a single contract with settings for the entire collection.
In contrast, the ERC-1155 Multi Token Standard allows for each token ID to represent a new configurable token type, which may have its own metadata, supply and other attributes.
ERC-1155 is a digital token standard created by that can used to create both fungible (currencies) and non-fungible (digital cards, pets and in-game skins) assets on the Ethereum Network.
By using the , ERC-1155 tokens are secure, tradable and immune to hacking.
To find out more about the specifications of the ERC-1155 standard, check out .
ERC-1155 a new way of creating tokens that allow for more efficient trades and bundling of transactions – thus saving costs.
This token standard allows for the creation of both utility tokens (such as or ) and also Non-Fungible Tokens like .
For more information about the creators of ERC-1155, .
ERC-1155 includes optimizations that allow for more efficient and safer transactions. Transactions could be bundled together – thus reducing the cost of transferring tokens.
ERC-1155 builds on previous work such as (utility tokens) and (rare one-time collectibles).
