NFT ERC-1155 protocol

We hope to maximize the game’s value through rare cards, rare attributes, and social interaction. In this process, different players can experience the pleasure of earning and stimulating play in the game. Players can finally realize their original vision of playing the game in the world of Prometheus.

ERC-1155 is a standard for Ethereum tokens. On June 17, 2018, the initial version of the standard was uploaded to Ethereum’s Github repository. It is primarily used in the game industry for item creation and processing, and the suggested standard has significantly enhanced the use of NFT in the gaming sector. To some extent, ERC-20 and ERC-721 are merged.

Its primary functions include issuing both fungible and non-fungible tokens. Fungible tokens can be produced in various Token types, such as ERC-20; however, wallets and exchanges do not yet accept ERC-1155 standard tokens. Simultaneously, the ERC-1155 standard is more capable of issuing NFT, and it can issue numerous NFT under a single contract. The ERC-1155 standard will aid in the creation of Ethereum-based games. This standard may significantly decrease costs and increase productivity, particularly in the production and processing of homogenized props.

ERC-20 and ERC-721, which were issued before ERC-1155, are the two most widely used Ethereum standards. Its main characteristics are

1. Tokens that are both fungible and non-fungible can be issued, and this standard can be provided without switching to other standards where there is a requirement for both fungible and non-fungible tokens.

2. Token assets may be moved in batches. Multiple token assets can be transferred to various objects in a single transaction, substantially increasing efficiency and lowering time and gas fee costs.

ERC721 can mint(cast) non-fungible tokens, and however, if you want to manufacture a sword with the same function in a game, you’ll have to repeat the process 1000 times. Such a procedure is highly inconvenient, and even if automated algorithms are created to assist it, it will still take a long process to complete. The more critical issue is that it must pay the gas fee 1000 times. Hundreds of thousands of ETH will be burned during the height of the Gas charge in May, unsustainable for regular businesses. If the ERC-1155 is utilized for casting, these 1000 swords may be cast quickly and efficiently, and the gas fee will be charged once. The price is significantly lower as compared to ERC-721.

At the same time, the ERC-1155 standard’s transaction procedure is considerably simplified compared to previous standards: the most significant advancement is that it may include several tokens for package processing. However, to execute a transaction in the ERC20 and ERC721 standards, users must go through four consecutive stages across various contracts, which is laborious, time-consuming, and costly. Users can bundle all of the tokens they want to exchange into a single contract using the ERC-1155 standard, which requires