Blog Post

Smart Contract Development

Smart contract development refers to the process of creating self-executing programs that run on blockchain platforms, typically decentralized platforms like Ethereum, Binance Smart Chain, or others. These contracts are written in programming languages specifically designed for blockchain environments, such as Solidity for Ethereum

The process of developing an ERC-1155 token is similar to the process of developing an ERC-20 or ERC-721 token, with the following additional steps:

Design the token: This involves deciding on the token’s name, symbol, total supply, and any other features that you want the token to have.

Create the smart contract : The smart contract will need to be updated to support both fungible and non-fungible tokens.

Deploy the smart contract to the Ethereum blockchain: This can be done using a variety of tools, such as Remix or Truffle.

Create a token metadata file: This file will store information about each token, such as its name, symbol, and image.

Market and distribute the token: Once your token is deployed to the blockchain, you will need to market it and distribute it to potential users.

Important features of our Smart Contract:

Ownership restrictions: You can restrict the ownership of tokens to certain users or to certain addresses.

Royalties: You can collect royalties on every time a token is sold.

Fungible: ERC1155 tokens are fungible, meaning that they are interchangeable with each other.

Mintable: ERC1155 tokens can be minted, which means that new tokens can be created.

Burnable: ERC1155 tokens can be burned, which means that they can be destroyed.

Extensible: ERC1155 tokens can be extended to add new features.

Pausable: ERC1155 tokens can be pausable, which means all transactions can be paused.