ERC-1155 Tokens

Witek Radomski — co-founder and CTO of Enjin Coin — has developed ERC-1155, a new standard for defining video game tokens on the Ethereum blockchain.

"Several decentralized applications (DApps) have implemented the ERC-721 onto their platforms to create a wide array of gaming collectibles. Unfortunately, ERC-721 was found to exhibit several limitations, and Radomski knew he had to take the standard to the next level.

“The non-fungible tokens being used today have defined a new class of user-owned virtual items,” he explained. “However, there are many problems with the existing token model. It is very expensive and inefficient to deploy large databases of items that mainstream game developers use.”

Radomski explains in a blog post that the new ERC-1155 protocol allows for an infinite number of both fungible and non-fungible items to be deployed through a single contract. It is also lightweight and easy for most networks to handle."

https://bitcoinmagazine.com/articles/enjin-coin-cto-creates-erc-1155-new-token-standard-ethereum/?utm_source=cryptotickerr+main+list&utm_campaign=ec8ca48952-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_d53548996e-ec8ca48952-82290149