BEP-1155
Web3 / cryptocurrency types
BEP-1155 is a multi-token standard for Binance Smart Chain that combines the capabilities of both fungible and non-fungible tokens within a single smart contract, improving efficiency and reducing deployment complexity. This standard allows developers to create hybrid token systems where some tokens are divisible (like currency) while others are unique (like collectibles), all managed under one contract interface. BEP-1155 significantly reduces gas costs by batching multiple token transfers and operations into single transactions compared to deploying separate ERC-20 and ERC-721 contracts. It represents an evolution in token design that prioritizes flexibility and cost-efficiency for complex applications like gaming economies and enterprise asset management systems. Example: blockchain-based games using BEP-1155 can manage both fungible in-game currency and unique character NFTs in a single contract, reducing development costs and improving player transaction speed. Why it matters for cryptocurrency: BEP-1155 enables sophisticated tokenomics at lower cost, making complex multi-token systems economically viable. This standard particularly benefits gaming and metaverse projects that require both currencies and unique digital assets.
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