With new support for ERC1155 NFTs, Nansen increases its breadth and depth of NFT insight. This update adds over 1K NFT collections to our existing 18K already tracked. All new ERC1155s are fully integrated into our existing dashboards.
What are ERC1155s and how are they used?
The ERC1155 standard allows innovative uses for NFTs such as batched transfers, multiple tokens and gas saving mechanics. This added utility, makes ERC1155s well suited for large-scale NFT collections common to gaming, metaverse and membership based applications. Data shows that Parallel trading cards are the most successful ERC1155 by trading volume of all-time. Other popular projects include metaverse items from Sandbox’s Fantasy Islands and Frontiers battle based game.
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Is this the future of Gaming and the Metaverse?
Despite ERC1155s losing market share to ERC721s, there is a recent trend in initial sales (mints) for gaming and metaverse based NFTs. If the popularity of these types of NFTs continue to grow, we can expect to see renewed interest in the ERC1155 standard.
The addition of ERC1155s to Nansen’s data takes another stride towards total coverage for real-time and on-chain NFT analytics across multiple standards, marketplaces and blockchains.
About Nansen
Nansen is a blockchain analytics platform that enriches on-chain data with millions of wallet labels. Crypto investors use Nansen to discover opportunities, perform due diligence, and defend their portfolios with real-time alerts.
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