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Yes we are. We are live on Polygon since July'21.
ERC721 tokens represent unique assets, where every token is attached to a different identifier— these tokens can never be duplicated, where no one token is equal. ERC1155 is a new token standard that brings in the idea of semi-fungibility and allows for the creation of multiple types of tokens in the same contract. This means that multiple copies of the same unique asset asset can be minted.
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Researched this initially, and didn’t go for it. Actually not that “composable” if tokens aren’t 998 in some structures. Also doesn't clearly support platform-based rewards such as $COMP. 721 is the standard for NFTs, so easy to trade on 3rd party marketplaces. With Charged Particles we can open support for additional types of Tokens (e.g. 1155, or 998).
- 998 is a token standard, can be built on top instead of ERC721.
- Showing that it’s possible, but you’d have to build the NFTs
- Composable only with other ERC-998 Tokens. Very limiting standard.
- Old standard, not updated for current DeFi
- Overly complex, what we’re doing is more efficient (cheaper gas) and easier. Supports much more token types - e.g LP Tokens, Other ERC-721, Other ERC-1155, Even ERC-998, etc.
If 998 Held cDAI, would have to build functionality to claim COMP & cDAI interest. Standard doesn’t allow for that flexibility. In short, they look similar, but ours is much more flexible
Last modified 1yr ago