Ethereum ERC-1155 is a standard for creating and managing both fungible and non-fungible tokens (NFTs) on the Ethereum blockchain. It was proposed to improve upon the ERC-20 and ERC-721 standards for creating and managing fungible and non-fungible tokens, respectively. The ERC-1155 standard allows for the creation of a single smart contract that can manage both …
Ethereum ERC-721 is a standard for Non-Fungible Tokens (NFTs) on the Ethereum blockchain. It defines a set of rules and requirements for creating and managing unique digital assets that can be owned, traded, and transferred just like physical assets. The ERC-721 standard defines a specific set of smart contract functions that must be implemented in …
NFT stands for Non-Fungible Token, which is a type of digital asset that represents ownership of a unique item or piece of content, such as a digital artwork, music, video, or collectible. NFTs are built on top of blockchain technology, which enables them to be verified as unique and to be traded and transferred securely …
Blockchain is a digital ledger technology that allows multiple parties to record transactions in a secure, decentralized, and tamper-proof way. It is essentially a chain of blocks that contains information, and each block is linked to the previous one with a unique code called a “hash”. This creates a chronological chain of blocks that is …