{"id":32950,"date":"2022-04-22T03:38:07","date_gmt":"2022-04-22T07:38:07","guid":{"rendered":"https:\/\/101blockchains.com\/?p=32950"},"modified":"2025-03-17T01:14:21","modified_gmt":"2025-03-17T05:14:21","slug":"erc1155-tutorial","status":"publish","type":"post","link":"https:\/\/101blockchains.com\/erc1155-tutorial\/","title":{"rendered":"Ethereum Tokens: ERC1155 Tutorial"},"content":{"rendered":"

The sudden explosion in the growth of applications based on Ethereum<\/a> is not a surprise for many. As the popularity of DeFi<\/a> products and NFTs continues to increase, Ethereum is the go-to destination for anyone interested in these domains. However, you might wonder about the need for an <\/span>ERC 1155 tutorial and the reasons for a new standard. ERC standards<\/a> are essential standards for Ethereum development with a focus on token interfaces.\u00a0<\/span><\/p>\n

The standards help in ensuring ease of composing smart contracts<\/a>, and when a new project issues tokens, they can remain compatible with decentralized exchanges<\/a>. Each token standard type has different functionalities, and most of the talk around NFTs often lands on ERC-721 standards. How is the <\/span>ERC 1155 standard relevant now? Does it serve any special use case?<\/span><\/p>\n

The early stages of the ERC standards with the ERC-20<\/a> token standard focused primarily on the functioning of a traditional token. However, the arrival of NFTs led to the introduction of ERC-721 standard for creating non-fungible tokens<\/a>. Now, the <\/span>ERC 1155 token standard is gradually assuming priority with its revised set of properties. The following discussion offers a detailed overview of the new ERC-1155 crypto token standard with a reflection on how it differs from the ERC-721 standard.<\/span><\/p>\n

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Why Should You Worry About a New Token Standard?<\/b><\/h2>\n

Before you start discussing the choice of an <\/span>ERC 1155 wallet, you should know why Ethereum needs a new token standard. In the initial stages, the Ethereum ecosystem did not require any new token standards. Most users focused largely on the smart contract functionality of Ethereum. Anyone could create a new blockchain<\/a> network with a related ERC-20 token, and many new projects capitalized on the initial developments.\u00a0<\/span><\/p>\n

However, developers started recognizing the potential of Ethereum smart contracts<\/a> for other use cases. Non-fungible tokens emerged as one of the prominent use cases of smart contracts<\/a> on Ethereum with a broad range of applications. The ERC-721 token standard served as the staple highlight in the NFT ecosystem for creating a unique class of digital assets<\/a>.\u00a0<\/span><\/p>\n

The ERC-721 Token Standard<\/b><\/h3>\n

A discussion on \u201c<\/span>what is ERC 1155\u201d is incomplete without referring to its predecessor. The ERC-721 token standard actually started the foundation for building NFTs. As a matter of fact, ERC-721 standard is the most popular standard for creating NFTs and gained attention with the CryptoKitties project. The developers behind CryptoKitties introduced ERC-721 through an Ethereum Improvement Proposal<\/a> or EIP.\u00a0<\/span><\/p>\n

ERC-721 standards ensured that the tokens created in the projects are completely unique from one another. In addition, the ERC-721 standard delivered additional functionalities such as flexibility of transferring NFTs between accounts. On top of it, the token standard also allowed identification of the total supply for a collection of NFTs. However, the problems with ERC-721 provided the basis for creating ERC-1155.<\/span><\/p>\n

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Problems with ERC-721\u00a0<\/b><\/h3>\n

The primary uses of NFTs in the gaming<\/a> sector called for creation of token standards tailored for real games and the associated item economies. However, ERC-721 and ERC-20<\/a> cannot support the inclusion of fungible as well as non-fungible assets in one economy. Therefore, the <\/span>ERC 1155 token standard offered an ideal solution for creating a game with thousands of multiple assets in varying supplies along with different parameters for every asset type. You can think of the ERC-1155 standard for transferring NFTs and fungible tokens together. The standard offered advanced functionalities for usability alongside batch transfers.<\/span><\/p>\n

What is the ERC 1155 Standard?<\/b><\/h2>\n

The ERC 1155 is an Ethereum<\/a> token standard focused on incorporating the best traits from earlier standards for creating fungibility-independent and gas-efficient token contracts. The <\/span>ERC 1155 standard has been created by the developers behind Enjin<\/a>, a blockchain-based platform for games. Enjin discovered many dominant challenges pertaining to the ERC-721 standard, especially in the restrictions on batch transfers. How did ERC 1155 become so popular? For starters, you can look at the multi-token standard as a promising tool for transforming the world of NFTs<\/a>.\u00a0<\/span><\/p>\n

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Features of ERC 1155<\/b><\/h3>\n

Another important highlight in any <\/span>ERC 1155 tutorial would focus on the features of the token standard. The features of ERC 1155 can tell a lot about how it works and its significance in the NFT landscape. Here are some of the notable features and their implications for the Ethereum ecosystem.\u00a0<\/span><\/p>\n

\"Features <\/picture><\/p>\n