What is ERC-1155 NFT?

ERC-1155 has emerged as a gold standard for creating NFTs; every major marketplace lists new tokens as an ERC-1155 standard. In this guide, we will learn about the ERC-1155 token standard and how to create an ERC-1155 NFT Bundle Collection. What is ERC-1155?

Why is ERC 1155 the gold standard for NFTS?

Moreover, thanks to ERC 1155, the system no longer needs to approve token contracts individually. ERC 1155 is the only token standard that enables you to create every type of tokenized asset, from currency and real estate to digital art and gaming items. In turn, this also makes it the gold standard for NFTs.

What is ERC 1155 & how does it work?

“ [ERC-1155 is] really like a vending machine for NFTs and fungible tokens, with advanced usability features and functionality like batch transfers to enable efficient, large-scale blockchain games and apps.” Unlike the ERC-721 token standard, the ERC-1155 token standard was not developed by the core community of Ethereum developers.

What is the erc1155 token standard?

ERC1155 has emerged as a gold standard to create NFTs; every major marketplace lists new tokens as an ERC1155 standard. In this guide, we will learn about the ERC1155 token standard and how to create an ERC1155 token. MetaMask and some Ropsten test ETH. Knowledge of ERC20 and ERC721 (NFT) token standards. What is ERC1155?