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Re: ERC-721 Non-Fungible Token Standard on Ethereum vs. VCs on Hyperledger Indy

From: Nik Kalyani <nik@kalyani.com>
Date: Thu, 11 Feb 2021 18:00:34 -0800
Message-Id: <15B8E1D8-1D97-495F-90F3-8D7632C1C795@kalyani.com>
Cc: Credentials Community Group <public-credentials@w3.org>
To: "Michael Herman (Trusted Digital Web)" <mwherman@parallelspace.net>
We hardly ever use 721 any more. ERC-1155 is the most popular now, especially since batch transfers are more affordable despite high gas costs.


> On Feb 11, 2021, at 3:05 PM, Michael Herman (Trusted Digital Web) <mwherman@parallelspace.net> wrote:
> I hope this isn’t stretching the favorable use of the CCG mailing list…
> When are Hyperledger Indy/Sovrin VCs better than Ethereum smart contracts for NFEs/NFTs (non-fungible entities/tokens)?
> It seems obvious but I don't have a detailed/worked out answer.  One project I'm associated with wants to use the ERC-721 Non-Fungible Token Standard on Ethereum but I believe VCs are a better route to take. Part of the desire to stay on Ethereum is there is quite a vibrant NFT community on Ethereum and lots of different EC-721 tokens. 
> https://eips.ethereum.org/EIPS/eip-721
> What are the considerations/decision points/knock-offs?
> Best regards,
> Michael Herman
> Sovrin Foundation Self-Sovereignist
> Self-Sovereign Blockchain Architect
> Trusted Digital Web
> Hyperonomy Digital Identity Lab
> Parallelspace Corporation
> <image001.jpg>

Received on Friday, 12 February 2021 02:00:52 UTC

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