There has been a major influx of new Ethereum-based tokens over the past 18 months. Although most of these tokens adhere to the ERC20 standard, that may come to change fairly soon. Enj now lets users mint their “custom crypto tokens” using the ERC-1155 standard, which offers a few key benefits worth looking into.
What makes this particular token standard stand out compared to ERC20 and others is how it is cross-chain compatible. Until now, most assets can only be used on the Ethereum blockchain, yet the ERC-1155 standard makes them compatible by other ecosystems as well. These tokens are also supported by the Enjin Wallet, though it remains unclear if other service providers will implement support over time.