- What is ERC1155? ERC1155 allows users to infinitely reuse homogeneous or non-homogeneous tokens within the same smart contract.
- If you are developing a blockchain game that requires two types of currency, coins and equipment, you will need two contracts, ERC20 and ERC721. If you use ERC1155, homogeneous tokens correspond to coins in the game, while non-homogeneous tokens correspond to equipment.
- Transfer: If you want to transfer 500 pieces of equipment in bulk, you would need to send 500 transactions. With ERC1155, you can transfer token assets in bulk and transfer multiple token assets to different entities in one operation, greatly improving efficiency and reducing time and gas fee costs.
- Minting: When minting, for example, a type of sword with a total issuance of 1000 on the game platform, if minting through ERC721, you would need to repeat the same operation 1000 times, which is extremely cumbersome. Even though you can write automated programs to help with the operation, it would still take a long time. The bigger issue is the need to pay gas fees 1000 times. At the gas fee level at the time of writing this article, minting 1000 times would require nearly 10,000 USDT worth of ETH. At the peak gas fee in May, it would require spending tens of thousands of USDT worth of ETH, a cost that most companies cannot afford. However, using ERC-1155 for minting allows you to mint all 1000 swords at once, with extremely high efficiency and only one gas fee. Compared to ERC-721, the cost is very low.