ERC1155 NFT Token Standard - Explained

In this video Filip explains what ERC1155 NFT token is, how can it be used, and how it works under the hood.
You can see the playlist for this series here:
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[@StyleTrick]

You and Ivan provide the BEST blockchain content for learning, seriously appreciate it!

[@MoralisWeb3]

Thank you for following us! All best!

[@capitanomics]

Thanks for that explenation! Which NFTs are currently some of the most popular 1155s?

[@MoralisWeb3]

Hello Capitanomics, that's something which depends on subjective opinion we strongly suggest you ask this question on our oficial forum and create a little debate there.

[@enzoabdelmalek]

Hello i just have a question about this bunch of elements (sword, hammer etc…). Is the thor hammer the only nft in it ?? Thanks for your answer

[@MoralisWeb3]

Hi Enzo, thank you for the question. Since the thor hammer is 1 of 1 so yes thats the only nft there

[@thegoodluckcats]

Thanks for this video . I wish you'd gone more into it with a complete example of how a tradable/swapable currency could be created under 1155 standard and at same time have its nft tokens which are used in game for example. I am looking forward to seeing your other videos.

[@NativeearthlingOrgNEON]

First and foremost, thank you for your knowledge and teachings. Which networks do you recommend deploying an ERC1155 contract to? In other words, are there best practices for deployment to local dev chains or networks and testnets?

[@Pasko70]

Thank you for the great content. I wonder if it isnt also a disandvantage if i can not check who is the owner of a specific token? I would need to keep track of everyone who hold some tokens of the contract and loop through all the addresses to get the owner of a nft. Or is there any smart implementation that im missing right now?

[@Darrell-Hunt]

You mean what person or team of people who created the type of token standard? ERC20 - ERC721 - ERC1155 EIP doesn’t mention any credits?

[@MoritzFischer]

That is a great video. Are there any downsides to using ERC1155? Or why are so many NFTs currently being minted using ERC371? Thank you

[@ComicswithDrew]

I am designing a project and you just crushed it with this explanation video. Thank you so much!

[@Rorschak10]

Thank you for sharing this information. Your explanation greatly improved my understanding. Showing the code example was helpful.

[@MoralisWeb3]

Glad it was helpful!

[@Darrell-Hunt]

After each video give us a “something I think you should know about crypto” This is useful because it helps us not only learn fundamentals but also gives modern info about things a person with your knowledge finds exciting and innovative

[@puckapao]

Thank you for the knowledge. By the way, which network would you recommend to create blockchain games with ERC1155 contracts? Matic/BSC with low fees or Enjin/Jumpnet with zero fee or others?

[@alexanderfrost1476]

Thanks for this video. Gave me more understanding on token standards

[@erwinpanganiban9059]

What if you are just sending one NFT token? is it more cheaper to send it via 721? or sending it via 1155?

[@spaideman7850]

very clear video thx. if i create one 1155 token(supply of 1) in Opensea, and someone bought it, will it automatically changed to 721?

[@binhna]

Little confuse about the THORS_HAMMER and SWORD tho, THORS_HAMMER is non-fungible token -> it makes sense because there is only one of them. But there are a lot of SWORD and the contract creator could send some to others, each SWORD is the same, why would it be non-fungible then?

[@MrYosephkurnia]

Hey @Binh Nguyen, good question!. So technically when we refer to NFT we refer to the contract and THORS_HAMMER and SWORD are the tokens, what makes them non-fungible is because these tokens are different and not equal to each other (represented by different tokenId). However, the context we are talking about is ERC1155 which is semi-fungible, means that it has the property of both fungible (ERC20) and non-fungible tokens (ERC721), that is why you see even though ERC1155 is a NFT standard there is some fungibility property such as the one you pointed out in SWORD token 🙌 hope this helps~

[@binhna]

@@MrYosephkurnia Thanks for responding, I understand that ERC1155 is semi-fungible. And the THORS_HAMMER is non-fungible, but at 6:27, you said that "it is also be a non-fungible token because it's an item it's not a currency of any sort" when pointing at SWORD, but if I send 10 SWORDs to another one, so each SWORD is still the same, so SWORD token itself would be fungible, not non-fungible as you said. Is it correct?

[@MrYosephkurnia]

@@binhna ohh it's not me in the video 😅 but I think the way to think whether a token is fungible or not is from the contract itself, the reason why ERC1155 token is non fungible because within the contract it contains different tokens that doesn't have the same value like SWORD, THORS_HAMMER, etc. So we technically don't judge whether a toke is fungible or not based on individual tokens (although it is the easiest way to think about it), but rather from the contract itself. This will be impossible for ERC20 token that can just have one type of token that usually have currency as the use cases.

[@MrYosephkurnia]

@@binhna but if you wanna say the SWORD token is fungible, it is technically not wrong coz that's one of the property of ERC1155, to allow fungibility within NFTs, but overall the contract itself we will consider it as NFT or you can say semi fungible tokens, coz it is not purely fungible like ERC20

[@binhna]

@@MrYosephkurnia Got it now, thank you for your explaination ;)

[@LuizTools]

Great explanation, thanks!

[@MoralisWeb3]

Glad you enjoyed it!

[@valentinadevidts8490]

Hello! Great video. What If i want to create New tokens constantly but i dont know which ones they will be before hand... They would all be fungible.

[@southlandrealestategroup8591]

Thank you so much for the info! Your explanation is not only in depth, but it makes sense! Kudos!

[@digitaltokentech]

Hey brother I have a question regarding the amount of token copys your able to mint through ERC-1155. Opensea only allows for 100,000 copys. Is it possible to create copys in the millions thru coding in one single contract. I would appreciate your response..

[@JFKTLA]

You said for ERC721 you cannot own more than one of that token, however is it possible to add a balanceOf function just for that purpose?

[@moyezrabbani637]

Beautifully explained! Thanks sir

[@MoralisWeb3]

Thank you ser!

[@jptech166]

Many thanks for your video, I have a question. Can we create functions on the ERC1155 contract that can mint more NFT after already deployed on blockchain? I mean we could mint more new items to NFT. if you have any examples pls.

[@dogeiemonofficial]

The information you provide is clear and straight to the point I appreciate your video and the team

[@SrikantShirisha]

Can you explain mapping fro Sword given that it is non fungible but at the same time more than 1 count.

[@DeFiDeveloperAcademy]

Love learning from you, thank you!

[@thomascherret3180]

Superb explanation. Thank you Filip

[@Broxx909]

Is it possible to create my own ERC token standard? If so, how would one do so?

[@beamendoza1617]

Its posible to publish costumze domain in deployment.? Not not in subdomain moralis?

[@jon962-g9w]

Seems good on the short term to emit them, but what does it solves on the long term? There are few chances that transactions of tokens happen at the same time, so they will be sold/updated separately anyway so it still risks to create congestion on the network no?

[@jon962-g9w]

Also as your game scale, that could become a nightmare to track everything each users own

[@saferugdev8975]

what if i want to send you 1 sword 1 bow 1 health potion and 1 gold at the same time. wouldn't be nice to pay for 4 txs seperately

[@jon962-g9w]

@@saferugdev8975 yes sounds good for sure for that, but it doesn't sound scalable to me

[@alexyiu5964]

Hello, is it possible to create multiple OpenSea collections of tokens on one ERC1155? Or I will need to create multiple ERC1155 contracts?

[@nikhilkadam9255]

If NFT builds on Opensea erc1155 smart contract, is it possible to deploy it's own contact smart?

[@salimtlemcani4122]

Why is sword a NFT? No matter if it is an item or not, if you use a function to mint many swords, then there is nothing that differentiate one sword from the other just like there is nothing that differentiate one piece of gold from the other. Am I missing something here?

[@VicenteRubino]

Thanks for sharing knowledge.

[@javierdash1]

you are the best Philip. Love your explications. Thanks for sharing and I am a big fan of Moralis!

[@konstantinschwemlein2809]

Awesome Video, helped me a lot for my dynamic NFTs master thesis! :)

[@MoralisWeb3]

We love you enjoyed this

[@arfazshaikh907]

And That's How It is Explained...... ON POINT ❤‍🔥❤‍🔥❤‍🔥❤‍🔥❤‍🔥❤‍🔥 Thanks

[@yashsolanki069]

Thanks a lot for explaining the concept so amazingly!!! you guys are doing great job❤‍🔥

[@yonnierenton6177]

SOoo Goood, No words? Thankyou and The Team! Wow

[@ViniviciousGames]

But how can we track individuals NFTs? Like, in 721 we can determine a url to get the metadata, but how can we do it if the id of sword are always the same? It's seems like all generated here are fungible tokens

[@shobi0321]

Hi all, I'm building an app and i want to know how can we choose busd instead of bnb in smart contract?

[@AhmedKhan-rt6oz]

Awesome Cleared major concepts

[@markmaximus100]

Good explanation, you have a great way of explaining things!

[@specialforMegelito]

I cannot sell NFTs at all and one follower told me that's because my nfts are on 1155, Eth, and I need to recreate them on 721. The top sellers are on 721 actually. What do you think ?

[@lzj6739]

what's the difference between 1155 and ERC 3525?

[@Rippre_official]

Thanks for such a beautiful explanation ❤

[@MoralisWeb3]

Thanks sir!

[@Mateo-ri2gg]

Can two different erc-1155 NFTs have the same token ID?

[@pulamarasettinaveen2878]

at 8:29 the representation of _balance private state variable may be wrong , the representation should be like " mapping(uint => mapping(address => uint )) " i.e tokenID----->Address----->amount

[@jamioffishal4892]

Where can I find ERC 1155.... On Enjin wallet

[@gandalfg1479]

Hey, is there a chance you can make a video of actually coding an ERC1155 based contract?To see the real case scenario of the double mapping. Super thanks, great content!!!!!

[@gandalfg1479]

OH YOU ALREADY DID A FULL 2 HRS COURSE ON THAT. INSANE!

[@makingmemark]

Great content as always!

[@Cristian77595]

How to approve a specific token?

[@belhadjlatifa3298]

Why I can't sell an ERc 1155 while it is hidden.. Someone send it to me and tells me that I can sell it.. How can I move it from hidden??

[@RedBeardRetroTech]

Thanks for the knowledge 🙏

[@alfonsopayra]

awesome mate, thanks

[@yuchen3587]

crystal clear

[@bloated_noodles452]

Dude you’re amazing! My dumbass understood everything you said. Thank you! 🙏🏻

[@Banksy_said_hi]

Great content!

[@itsanishjain]

you guys are the best love you conten

[@Ks-oj6tc]

We have ownerOf function to track owner of the token in ERC 721. Anyhow thats an amazing session

[@dhanicrypto2279]

please make a tutorial how to make dapps swap

[@AhmedKhan-rt6oz]

Subscribed

[@yevgeniybondar7509]

LIKE

[@maxmsdm4653]

I love you

[@omargomez1256]

First comment 😍👌🏿 great content!