The ERC-1155 token standard provides a way to make one smart contract govern almost an unlimited number of tokens — technically, 2²⁵⁶ token types with up to 2²⁵⁶ copies of each. Additionally, each token is semi-fungible. Unlike ERC-721 non-fungible tokens (NFTs), which can only be owned by one address each, semi-fungible means: Each token type can be owned by multiple addresses One address can own multiple copies of each token This expands the design space for building game economies and provides efficiency benefits as well. ERC-1155 is a result of the combined efforts of multiple companies working together to achieve these two goals, including Enjin, Horizon Games, and The Sandbox. What’s needed now is a marketplace for the (at the time of writing) 208,319 new semi-fungible assets on Ethereum!
ALEX ATALLAH Alex is the co-founder and CTO of OpenSea, the first and largest marketplace for non-fungible tokens (NFTs). OpenSea graduated from the YCombinator W18 batch, raised a seed round from Founders Fund, Blockchain Capital, Coinbase, 1confirmation and others, and now powers the marketplaces or sites for over 200 games and services. Prior to OpenSea, Alex was the CTO of hostess.fm (sold to Beatport in 2014) and built cybersecurity products at Palantir for 2 years. Alex loves hackathons, bringing unusual prototypes to market, and architecting + scaling real-time infrastructure.
As there are trillions of images assaulting your audience, competing for their attention, the least you can do is not have the words and images in your design competing with each other. Take a statement like, “we cure cancer for one dollar.” It isn’t necessary to make those words look interesting. They are interesting. If you try to make interesting words look interesting, the way they look competes with their meaning. Also. if you want to draw attention to an interesting image, the words that accompany it shouldn’t be unusual.