Ethereum Adopts Enjin’s ERC-1155 Token Standard: A Crypto Revolution

For many years now, Ethereum has been at the forefront of the smart contract and decentralized application industry. The blockchain hosted the first widely-used collectible game, the now-infamous CryptoKitties; much of 2017’s countless initial coin offerings; and one of the largest crypto-centric prediction markets, Augur.

Some of these applications of Ethereum have been enabled by tokens, namely those of the ERC-20 and ERC-721 variant. Binance Coin, for instance, was a widely-used ERC-20 token when it launched in mid-2017. And the adorable creatures you purchase, breed, and sell in CryptoKitties are ERC-721 tokens.

While these iterations of Ethereum tokens, dubbed “standards”, have seen stellar innovation and subsequent adoption, they aren’t exactly cut out for a new paradigm in blockchain: on-chain gaming. But don’t fret, one cryptocurrency gaming upstart, Enjin has created and implemented a newfangled standard to help accommodate blockchain games.

The Latest Ethereum Standard

In June 2018, Witek Radomski, the chief technology officer of Enjin, proposed ERC-1155 to the Ethereum community. At this time, the idea was ambitious, as it was like nothing that came before it. On June 17th, 2019, however, ERC-1155 achieved “final” status, and has thus become an official Ethereum token standard. Welcome to the era of the ERC-1155.

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