Ommniverse Developed an NFT Marketplace for Online Games and Gamified Apps Using ERC1155!
ERC-1155 has become the go-to standard for NFTs and the NFT marketplace within the blockchain games or Web3 gamified apps.
But still, developers asked many times why should they care for Web 2.0.?
About NFTs (non-fungible tokens), the Ommniverse development team discussed the current leading standard for this technology: ERC-721. That’s the most digital collectibles used for everything to the Bored Ape Yacht Club. But it also mentioned an emerging standard, ERC-1155, which has become the go-to standard for NFTs within blockchain & Web3 games.
We reached out to one of the creators of ERC-1155, Witek Radomski, the co-founder and CTO of a blockchain game development platform.
While ERC-721 is a standard for “non-fungible” tokens (meaning each token is unique), ERC-1155 is “fungibility-agnostic” (meaning it covers both fungible and non-fungible tokens). This flexibility makes it suitable for games an in-game coin, for instance, would likely be fungible, while a plot of virtual land would be non-fungible.
Technically ERC-1155 won’t necessarily be used to create an “NFT,” because it won’t always be non-fungible. But rather than get bogged down in semantics, suffice it to say that both ERC-1155 and ERC-721 are driving token economics in Web3.
Ommniverse Evolution for Fractional Ownership
Ommniverse has been in operation since 2021, long before Web3 came onto the scene. So, we began by asking what Ommniverse’s goal is in 2021 and why did it eventually pivot into crypto?
We started as “a platform for gamers to create community websites for their clans, guilds, and Fractional ownership to the servers without having to hire a developer.” One of the paid features of the Ommniverse. In 2022 Ommniverse team integrated different modules to make the Ommniverse NFT marketplace faster and more valuable for everyone. When blockchain came along some years later, the Ommniverse team realized it could enable all kinds of transactions via cryptocurrency tokens.
We saw the opportunity to give worldwide game developers new tools to gamify and add real economies to their games using blockchain. We started working on this before ‘NFTs’ were a concept (we referred to these tokens as ‘custom coins’ at the time).
ERC-1155 is really like a vending machine for NFTs and fungible tokens, with advanced usability features and functionality like batch transfers to enable efficient, large-scale blockchain games and apps and ERC-721 was released in early 2018, and the first draft of ERC-1155 followed soon after in June 2018. It was officially accepted by the Ethereum community in June 2019. Ommniverse provides an ultra-light experience for the gaming community, As the Ommniverse team wanted to create a token standard around real games and their item economies, which include both fungible and non-fungible items.
Ommniverse team plans with these standards would enable you to create a game with hundreds of thousands of different assets with varying supplies and different parameters for each asset type. ERC-1155 was designed to serve those use cases. It’s really like a vending machine for NFTs and fungible tokens, with advanced usability features and functionality like batch transfers to enable efficient, large-scale blockchain games and apps.
ERC-1155 has also been adopted by all the major NFT marketplaces, including OpenSea and Rarible. Ommniverse has also partnered with several NFT projects and most prominently, Microsoft’s blockchain-based digital badge rewards program.
Ommniverse NFT marketplace provides a real opportunity to use contemporary technology to invent new types of gameplay and gamified business strategies.
The Ommniverse Development team also believes there is more to blockchain tokens than speculation and rights management, which I had noted were the key use cases for ERC-721. There’s a massive, untapped well of new gameplay concepts and opportunities to gamify businesses via NFTs, on top of this technology being core to digital identity.
Why Should Web 2.0 Developers Care?
We finished with sceptical Web 2.0 developers, many of whom are looking at the current state of NFTs (cartoon avatars, rampant speculation, etc.) and wondering why they should care about Web3 and its emerging standards.
This is a real opportunity to use contemporary technology to invent new types of gameplay and gamified business strategies. Think about what your users, who are digital natives, want and whom they want to be part of a digital network, rather than part of a siloed one. By tapping into Web3, you’re tapping into a massively growing network of marketplaces, wallets, explorers, games, and blockchains. Web3 not only gives you new tools to draw from, but also provides opportunities to grow and attract new users in one of the most powerful networks in the world.”
Whatever you think of Web3 right now, it’s encouraging to see new standards like ERC-1155 emerge. Similar to RSS3 and Ceramic’s decentralized data network, both of which I’ve profiled this year, we don’t yet know if ERC-1155 is a technology that will stick. But if your business is online gaming, or you want to add gamification to your app, then it seems worth your while to at least experiment with ERC-1155.
It’s clear that the #Ommniverse NFT marketplace has a long way to go before ever competing with OpenSea. Then again, it’s also clear that the NFT marketplace has a long way to go to even make sense for Ommniverse.
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