What is an ERC-1155 token?

ERC-1155 tokens are arguably the most advanced digital assets that can be created with an out-of-the-box development platform.

Fungible and Non-Fungible Tokens

ERC-1155 is a standard of token on the Ethereum network that can be used to create fungible (identical) and non-fungible (unique) tokens.

Fungible: e.g. ERC-20—Each token in a set is completely identical in every way. You can’t distinguish one from another.

e.g. ERC-20—Each token in a set is completely identical in every way. You can’t distinguish one from another. Non-Fungible: e.g. ERC-721—Each token can be completely unique or can have the same image, name, and description while maintaining unique identity, history, and metadata.

Ultimate Efficiency

Because the bulk of each ERC-1155 token’s code is stored in a central location rather than being fully duplicated for every token, ERC-1155 tokens are far more efficient than ERC-20 and ERC-721. This is comparable to YouTube storing videos on the cloud instead of requiring every user to download the entire YouTube catalog just to watch one video.

Bulk Transactions

ERC-1155 tokens can also be produced, sent, and traded through bulk transactions, which significantly reduces gas fees.

This is the first stage of Enjin’s solution to scale blockchain technology to the masses by creating more efficient infrastructure at an atomic level. The next stage will include the release of Enjin’s Efinity Network, which will enable users to send instant transactions at extremely low prices.

Instant Integration

Every correctly crafted ERC-1155 token will be instantly integrated into the Enjin Wallet and EnjinX blockchain explorer, so supporters can receive their tokens effortlessly. Developers will no longer need to expend effort to gain support from wallets or blockchain explorers.

ERC-1155 tokens created using the Enjin development platform will also be auto-integrated into the Efinity scaling solution, enabling blazing fast transactions at next-to-no cost.

As our infrastructure continues to develop, ERC-1155 tokens—the most advanced digital asset technology—will only improve.

Modular Smart Contracts

ERC-1155 tokens crafted through Enjin’s development platform are powered by the most robust suite of modular smart contracts on the blockchain.

As an out-of-the-box solution, any user can create a crypto asset more advanced than Bitcoin, Ethereum, and even Enjin Coin.