ERC-721 vs. ERC-1155 Token Standards
Last updated
Last updated
ERC-721 and ERC-1155 are two popular Ethereum token standards, both used for creating NFT collections.
The ERC-721 token standard is for unique, non-replicable tokens, like collectible items or artwork. Each token is distinct, requiring a new smart contract for each token type, which increases gas fees and transaction times.
The ERC-1155 token standard is more versatile and more efficient, supporting both fungible and non-fungible tokens on a single contract. It allows batch transfers, lowering transaction costs and simplifying operations for projects like gaming where multiple assets are traded together.
Token Flexibility: ERC-721 is strictly for NFTs, while ERC-1155 supports both fungible and non-fungible tokens.
Transaction Efficiency: ERC-1155 supports batch transfers, while ERC-721 requires individual transactions.
Smart Contract Design: ERC-721 requires a new contract for each token type, whereas ERC-1155 can handle multiple token types under a single contract. On Highlight, you can reuse contracts for any edition flow when deploying on an ERC-1155 contract, allowing for more flexibility in managing multiple editions. However, when using the ERC-721 standard, contract reuse is limited to specific cases like limited editions and one-of-one tokens, making it less versatile.
ERC-1155 tokens are limited to edition flows and are not available for series or generative series.
ERC-1155 tokens minted under the same contract on Highlight will not appear together on a single mint page. Instead, users can explore other related tokens from the same project through the "Related Projects" section.
However, collections not minted on Highlight will be displayed together on the same mint page.
