CryptoFights will implement the ERC-1155 Crypto Items Standard to packet in-game resources on the Ethereum blockchain. This groundbreaking new token customary has recently made headlines given the intensity to reinstate ERC-20 and ERC-721. Created by cryptocurrency plan Enjin Coin (ENJ), ERC-1155 offers the coherence to emanate fungible, non-fungible, and semi-fungible tokens. It also enables developers to place the infancy of their formula into one core agreement and use identifiers to prompt an gigantic number of tokens to pull from that singular set of source code. This monolithic proceed to formula placement will not only offer to drastically cut down the immeasurable sums of surplus formula copy-pasted into every token; it will also revoke gas costs by up to 90% when deploying the hundreds of tokens used by most games.
CryptoFights will also use Enjin Coin to back the value of their items, definition in-game items, represented by ERC-1155 tokens, will enclose an volume of ENJ that users can after collect by “melting” their items. Users can also buy, sell, and trade their ERC-1155 tokens through third-party platforms, while CryptoFights is means to monetize these outmost peer-to-peer marketplaces with transaction fees automatically performed and allocated using Enjin Coin’s intelligent contracts.
Article source: https://cryptofights.io/