NFT Token Types Supported on OpenMark
OpenMark supports ERC721, ERC1155, and DN404 token standards. Below is a comparison of ERC721 and ERC1155, their benefits, and when to use them.
ERC721 vs. ERC1155: Key Differences
Feature
ERC721 (Single NFTs)
ERC1155 (Multi-Token NFTs)
Uniqueness
Each token is one-of-a-kind
Can have multiple copies of the same token
Ownership
One owner per NFT
Multiple owners per token (shared supply)
Gas Fees
Higher gas costs (each transaction handles a single NFT)
Lower gas fees (batch transactions for multiple NFTs)
Use Cases
Profile pictures (PFPs), collectibles, 1/1 art
Game items, membership passes, fractionalized assets
Batch Transfers
❌ Not supported (one NFT per transfer)
✅ Supported (transfer multiple NFTs in one transaction)
When to Use Each?
Use ERC721 if:
You want unique, one-of-a-kind NFTs.
Your collection consists of individual ownership items (e.g., PFPs, digital art, exclusive collectibles).
Scarcity is important—each token has a unique value.
Use ERC1155 if:
Your project includes game assets, event tickets, or membership passes where multiple users can own the same item.
You want efficient gas usage with batch transfers.
You need semi-fungible tokens (some items are identical but still tradable).
Quick Note on DN404
OpenMark also supports DN404, a hybrid NFT standard combining ERC20 and ERC721 benefits. This allows NFTs to be more liquid, tradable like tokens while still being unique assets.
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