You're reading from The Essential Guide to Web3 Develop, deploy, and manage distributed applications on the Ethereum network

Product type Paperback

Published in Nov 2023

Publisher Packt

ISBN-13 9781801813471

Length 366 pages

Edition 1st Edition

Tools

Ethereum

Concepts

Blockchain

Author (1):

Vijay Krishnan

View More author details

Table of Contents (25) Chapters

Preface

1. Part 1 – Introduction to Web3 FREE CHAPTER

2. Chapter 1: Fundamentals of Blockchain and Web3

3. Chapter 2: Getting Started With Ethereum

4. Chapter 3: Your First Ethereum Transaction

5. Part 2 – All about Smart Contracts

6. Chapter 4: Introduction to Smart Contracts

7. Chapter 5: Creating and Deploying Your First Smart Contract

8. Chapter 6: Smart Contract Security and Access Controls

9. Part 3 – Writing Your DApps for Web3

10. Chapter 7: Developer Tools and Libraries for Web3 Development

11. Chapter 8: Writing and Testing Your First dApp on Web3

12. Part 4 – Fungible Tokens

13. Chapter 9: Introduction to Tokenization

14. Chapter 10: Creating Your First Token

15. Part 5 – Non-Fungible Tokens

16. Chapter 11: Non-Fungible Token Standards

17. Chapter 12: Creating Your First Non-Fungible Token

18. Part 6 – Web3 Advanced Topics

19. Chapter 13: Understanding Oracles

20. Chapter 14: Zero-Knowledge Proofs and Zero-Knowledge EVMs

21. Chapter 15: L2 Networks and Rollups

22. Chapter 16: Decentralized Autonomous Organizations – Overview

23. Index

Why subscribe?

24. Other Books You May Enjoy

Understanding NFT standard ERC-1155

ERC-1155 is a token standard on the Ethereum blockchain that allows for the creation of both fungible and non-fungible tokens within the same contract. This standard was introduced to improve efficiency and reduce gas costs by allowing multiple tokens to be minted or transferred in a single transaction.

ERC-1155 tokens are identified by a unique ID, and each ID can represent either a single NFT or a collection of fungible tokens. This makes it ideal for creating game assets, where players can own unique items as well as currency that can be used to purchase in-game items.

Here are some examples of ERC-1155 tokens:

Enjin Coin, which is used to purchase and trade gaming assets on the Enjin Marketplace
ChainGuardian, a blockchain-based game where players can collect both unique heroes and in-game currency as ERC-1155 tokens

Now, let’s look at an example of a smart contract for ERC-1155. This Solidity smart contract represents...