Openlake supports ERC721 and ERC1155 with ETH, MATIC,BSC and Flow blockchain networks.
Openlake supports ERC1155, the multi token standard. Comparing to ERC721 and ERC20, ERC1155 has the advantages as below:
- Batch Transaction
- Faster Speed than ERC721
- Support both Fungible and Non-Fungible Tokens
- Better localization support for metadata including token name, description, image etc.
- Support token URIs which can retrieve token metadata from 3rd webservice.
Openlake also supports ERC721 which has better ecosystem support.