DappReview now tracks Enjin-powered ERC-1155 token activities

DappReview now tracks Enjin-powered ERC-1155 token activities

16th June 2020 0 By Jordan Heal

DappReview now tracks and provides analysis on all Enjin-powered ERC-1155 token activities.

There are more than 150 projects, accounting for 53 million blockchain-based assets, tracked on the app’s latest offering.

The token standard – authored by Enjin CTO Witek Radomski – enables people to mint both fungible and non-fungible tokens (NFTs) in a single smart contract.

After gaining mass popularity, it was adopted by the Ethereum community as an official standard last year.

Each ERC-1155 asset minted on the Enjin platform is backed by Enjin Coin (ENJ) to provide further value.

It has numerous benefits, such as the ability batch send an abundance of unique tokens in a single transaction.

Additionally, the standard offers lower gas fees, facilitates Atomic Swaps and allows users to ‘melt’ their assets to retrieve the embedded ENJ.

Most sites and apps that collate data on blockchain-based assets, typically, only focus on the ERC-20 and ERC-721 token standards.

But now, DappReview is looking to uncover more than 50 million ERC-1155 assets that are backed by nearly two million US dollars worth of value.

In particular, it is looking to provide a record on the total sales value of the standard, the number of unique addresses that are buying or sell it, while also examining the on-chain transactions, such as minting, melting, and transferring.

To celebrate the integration of ERC-1155 data, DappReview is partnering with Enjin to mint an exclusive collectable NFT, with further details available on the project’s Twitter page.

Interested in reading more Enjin-related stories? Discover more about Enjin’s partnership with tech giant Microsoft on Azure Heroes.