ERC1155 Standard

The ERC-1155 Standard is a token type on the EVM-based blockchain that can handle both unique NFTs and regular fungible tokens in one contract. It’s like a mix of ERC-721 and ERC-20, letting you make lots of different tokens with less work. People use it for games, collections, or anything needing multiple token types.

Why ERC-1155?

ERC-1155 was made to fix the hassle of using separate contracts for NFTs (ERC-721) and fungible tokens (ERC-20). With ERC-721, you need a new contract for every collection, and ERC-20 can’t do unique items, so ERC-1155 combines both into one easy system. It saves time, cuts costs, and works better for projects with lots of tokens.

ERC-1155 helps by:

• Mixing unique and regular tokens: You can have one-of-a-kind NFTs and tradable tokens together.

• Making trading simpler: Swap multiple tokens in one go on marketplaces or apps.

• Fitting big ideas: It’s great for games with tons of items or collections with different rarities.

It came out in 2019 and is popular because it’s flexible and cheaper to run than older standards.

When You Want ERC-1155

Use ERC-1155 when you want to create lots of tokens—some unique, some not—in one place. It’s perfect for games with weapons and gold coins or collections with rare NFTs and common tokens. You can manage everything in one contract and use it with marketplaces or DApps.

Creating an ERC-1155 NFT Collection in OpenMark

If you want to make an ERC-1155 collection, OpenMark lets you do it with a few clicks. Here’s how:

Steps

1. Go to the Creation Page: Visit https://openmark.io/create/collection in your browser.

2. Pick ERC-1155 Type.

3. Add Collection Details: Fill in the info like:

   • Logo & Name: Logo image and name of the collection.

   • URI: The link to your metadata, using an IPFS format (like ipfs://<hash>).

   • Max Token ID: The highest ID you can mint—set it to 100, and you can make tokens from ID 0 to 99.

   • Royalty: The percentage you earn when your NFTs are resold (e.g., 5%).

4. Launch It: