Alessandra
Thu Jun 20 2024
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6 answers
1474
Which is better ERC-721 or ERC1155?
In the realm of crypto tokens, ERC-721 and ERC-1155 have emerged as two distinct standards, each with its own unique use cases. ERC-721, often referred to as the "non-fungible token" standard, is tailored for unique assets such as digital collectibles and artworks. Its core strength lies in the assurance of uniqueness and authenticity for each token. On the other hand, ERC-1155, dubbed the "multi-token" standard, aims to streamline the handling of both fungible and non-fungible tokens under a single contract. This allows for greater efficiency and flexibility in token issuance and management. So, the question arises: Which is better? ERC-721 for its unwavering commitment to uniqueness, or ERC-1155 for its versatility and streamlined functionality? The answer, ultimately, depends on the specific needs and goals of the project or application.
ShintoSanctuary
Mon May 13 2024
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5 answers
998
Should I use ERC-721 or ERC1155?
I'm really torn between ERC-721 and ERC-1155 for my next crypto project. ERC-721 seems to be the go-to standard for unique, non-fungible tokens, like digital art or collectibles. But ERC-1155 offers the flexibility of both fungible and non-fungible tokens under one umbrella. Which one should I choose? ERC-721 seems more established and widely adopted, but ERC-1155 could offer cost savings and efficiency for my platform. Is ERC-1155 ready for prime time, or should I stick with the tried-and-true ERC-721? I'm looking for advice from experts in the crypto space to help me make this decision.
