Web3 Dapp

Transparency is a good thing!

Been doing a couple of YouTube tutorials on creating Dapps for ERC1155 based assets. Found a really good YouTube video that shows you how to create a donation site that takes Eth and returns ERC1155 tokens.

Basically the key differences between the three types of tokens are:

ERC20

Fungible Ethereum tokens such as BUSD that can be used with smart contracts on the Ethereum blockchain.

ERC721

A non fungible type of Ethereum token used for minting one of a kind assets such as NFTs on the blockchain. An example would be a BAYC NFT.

ERC1155

Are tokens that can contain both fungible and non-fungible token types. Offers more assurance and reversibility. Addidas ITM is an example of an ERC1155 token.