The first four NFT token standards that we talked about can be created on the Ethereum blockchain and on other EVM-compatible blockchains. ERC-1155 tokens are also known as semi-fungible tokens. They can transform from mostly fungible to non-fungible in their lifetime and are often used for 1-time use applications like event tickets.ĮRC-1155 token standard is typically used in blockchain games where a gaming ecosystem has thousands of in-game items and several in-game currencies. These semi-fungible tokens are mostly the same but are slightly more differentiated from each other than regular, fungible ERC-20 tokens. ERC-1155 token standard creates a smart contract interface that allows developers to manage non-fungible and fungible or semi-fungible tokens from the same contract. The two standards have to be deployed using separate contracts for each token type. Normally, token standards like ERC-721 (non-fungible) and ERC-20 (fungible) can’t be created using a single contract. ERC-1155 also has gas-saving features such as batch transfer and batch approval. ERC-1155ĮRC-1155 is a multi-token standard that developers can use to create a single contract to manage any combination of non-fungible and semi-fungible tokens. The ERC-721C token standard was introduced by Limit Break, the creators of Digi Daigaku, in May 2023. The non-enforcement of royalties prompted the creation of the ERC-721C token standard. However, NFT marketplaces like Blur and X2Y2 have designed their platforms to be “royalty-optional models” in their fight to attract more traders. By doing so, you will receive a small cut (typically less than 10%) for each sale made in the open market. When you create an NFT, you have the option to put a royalty clause into your NFT smart contract. This token standard allows creators to choose which marketplaces to list their NFTs on and to block zero-royalty marketplaces. ERC-721CĮRC-721C is a new token standard that enforces on-chain royalties. Many NFT projects launching today use this standard over ERC-721, as it’s mostly the same but with significant improvements to batch minting efficiency. ERC-721A was developed by Chiru Labs – the creators of Azuki.
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