ERC-1155

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ERC-1155 is a technical standard used in smart contracts on the Ethereum blockchain for implementing tokens. After a year in review, it was confirmed as an official token standard on the Ethereum mainnet in June 2019.[1]Template:Unreliable source? ERC-1155 combines capabilities of both the ERC-20 (fungible) and ERC-721 (non-fungible) technical standards by allowing users to create fungible, non-fungible, and semi-fungible tokens on the Ethereum blockchain.[2]Template:Unreliable source?[3]Template:Unreliable source?

History

After Enjin Coin's ICO and the launch of their ERC-20 token, development work began on optimization of gaming assets for the blockchain. The effect that the Cryptokitties craze had in slowing the Ethereum network in December 2017[4]Template:Irrelevant citation led the developers of Enjin Coin to believe that the existing ERC-721 standard for non-fungible items (those most likely to represent unique gaming assets) could be significantly improved,[5]Template:Unreliable source?[6]Template:Unreliable source? relieving pressure on the Ethereum network and improving the experience of gamers.

The ERC-1155 standard was co-developed with several other contributors in the Ethereum ecosystem, including Philippe Castonguay of Horizon Games,[7] developers of the game SkyWeaver[8]Template:Irrelevant citation[9]Template:Irrelevant citationTemplate:Unreliable source which is being built on the ERC-1155 standard[10]Template:Unreliable source? and backed by Reddit co-founder Alex Ohanian.[11]Template:Unreliable source?

ERC-1155 was approved as an Ethereum token standard in June 2019.[12]Template:Unreliable source?

Applications

The ERC-1155 token standard can be used to create multiple token types (both fungible and non-fungible tokens), and multiple asset types within one smart contract, and allows for more efficient use of the Ethereum blockchain by cutting down on the amount of redundant code used to issue each token.[13]Template:Unreliable source? ERC-1155 also allows for bulk transactions and atomic swaps, saving gas fees on trading,[14]Template:Unreliable source? as well as compatibility with ERC-721 tokens.[15]Template:Unreliable source?

ERC-1155 defines a common list of rules for blockchain asset tokens to follow within the larger Ethereum ecosystem, allowing game developers with minimal blockchain programming experience to ensure asset interoperability across games.[16]Template:Unreliable source? ERC-1155 tokens can be used by game developers to fundraise via Initial Asset Offerings,Template:Unreliable source? similar to Kickstarter campaigns.

Several video games are developing on the ERC-1155 standard,[17]Template:Irrelevant citation[18]Template:Irrelevant citation which has also thus far it has been used to tokenize trophies, coupons, vouchers, and gift cards,[19]Template:Irrelevant citation charitable donations,[20]Template:Irrelevant citationTemplate:Unreliable source? certificates of authenticity,[21]Template:Unreliable source? digital art,[22]Template:Unreliable source? books, and tickets.

References

  1. "Ethereum Adopts Enjin’s ERC-1155 Token Standard: A Crypto Revolution" (in en-US). https://ethereumworldnews.com/ethereum-adopts-enjins-erc-1155-token-standard-a-crypto-revolution/. 
  2. "ERC-1155 Ethereum Tokens Standard Explanation – What is it and how does it work? — ICOguru.io". https://icoguru.io/wiki/erc-1155. 
  3. "5+ ERC standards every Ethereum developer should know about" (in en). https://hackernoon.com/5-erc-standards-every-ethereum-developer-should-know-about-c1ea79d3483e. 
  4. "CryptoKitties cripple Ethereum blockchain" (in en-GB). 2017-12-05. https://www.bbc.com/news/technology-42237162. 
  5. "Enjin Coin CTO Creates ERC-1155, a New Token Standard for Ethereum" (in en-us). 2018-06-25. https://www.nasdaq.com/article/enjin-coin-cto-creates-erc-1155-a-new-token-standard-for-ethereum-cm983186. 
  6. Radomski, Witek (2018-10-10). "ERC-1155: The Crypto Item Standard" (in en). https://blog.enjincoin.io/erc-1155-the-crypto-item-standard-ac9cf1c5a226. 
  7. "ERC: Multi Token Standard · Issue #1155 · ethereum/EIPs" (in en). https://github.com/ethereum/EIPs/issues/1155. 
  8. Marshall, Cass (2019-07-25). "Digital card game SkyWeaver is part one of an ambitious plan to reinvent game economies". https://www.polygon.com/2019/7/25/8908556/skyweaver-arcadeum-blockchain-marketplace-economy. 
  9. Thier, Dave. "'Horizon' Is A New Developer That Wants To Make A Blockchain Card Game That Works" (in en). https://www.forbes.com/sites/davidthier/2019/07/22/horizon-is-a-new-developer-that-wants-to-make-a-blockchain-card-game-that-works/. 
  10. "Horizon Studios: Raises $3.75 Million for Ethereum Game Skyweaver" (in en-US). 2019-07-18. https://blockonomi.com/ethereum-game-skyweaver/. 
  11. "Horizon Blockchain Games raises $3.75 million and debuts SkyWeaver online trading card game" (in en-US). 2019-07-17. https://venturebeat.com/2019/07/17/horizon-blockchain-games-raises-3-75-million-and-debuts-skyweaver-online-trading-card-game/. 
  12. "Enjin's ERC-1155 Adopted as Official Ethereum Standard" (in en-GB). 2019-06-18. https://somethingdecent.co.uk/news/blockchain/enjins-erc-1155-adopted-as-official-ethereum-standard/. 
  13. "ERC-1155 Ethereum Tokens Standard Explanation – What is it and how does it work? — ICOguru.io". https://icoguru.io/wiki/erc-1155. 
  14. Radomski, Witek (2018-10-10). "ERC-1155: The Crypto Item Standard" (in en). https://blog.enjincoin.io/erc-1155-the-crypto-item-standard-ac9cf1c5a226. 
  15. Sandbox, The (2019-06-11). "ERC-1155: A new standard for The Sandbox" (in en). https://medium.com/sandbox-game/erc-1155-a-new-standard-for-the-sandbox-c95ee1e45072. 
  16. "Enjin Coin Launches Unity SDK - Mass Adoption With Blockchain Gaming?" (in en-US). 2019-03-06. https://www.ccn.com/enjin-coin-launches-unity-sdk-mass-adoption-through-blockchain-gaming/. 
  17. "6 games band together on Ready Player One-style gaming multiverse" (in en-US). 2018-08-27. https://venturebeat.com/2018/08/26/6-games-band-together-on-ready-player-one-style-gaming-multiverse/. 
  18. Stead, Chris (2018-10-05). "Two more games added to Enjin Multiverse" (in en-AU). https://www.finder.com.au/enjin-multiverse-vr-games. 
  19. "Bidali gets onboard with Enjin Coin" (in en-US). https://retailtechinnovationhub.com/home/2018/12/17/bidali-gets-onboard-with-enjin-coin. 
  20. "Enjin Plans to Mobilize 20 Million Gamers to Fight Aging | | LEAF" (in en-US). https://www.leafscience.org/enjin-plans-to-mobilize-20-million-gamers-to-fight-aging/. 
  21. egamers.io (2019-03-10). "Bringing Fashion to the Blockchain: ERC-1155 Authenticity Tokens" (in en-US). https://egamers.io/bringing-fashion-to-the-blockchain-erc-1155-authenticity-tokens/. 
  22. "Video Guide: What is an ERC-1155 Token?" (in en-CA). 2019-03-06. https://blockgeeks.com/guides/video-guide-what-is-an-erc-1155-token/.