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Provide fungibility to your non-fungible tokens
A semi fungible token (SFT) possesses the properties of both fungible and non-fungible tokens and that is what makes it even more interesting.
A semi fungible token remains fungible until it is used for a specific purpose. Rust Chain Labs provides you end-to-end SFT token development services so that you can use a single
smart contract to represent multiple tokens at once.
NFTs changed the way ownership of assets was represented in the digital world. Because of NFTs, we can represent the ownership of an asset in an immutable, transparent, and secure way. However, transferring an entire collection of NFTs is slow and inefficient. Therefore, the next-generation multi-token standard known as SFT development is becoming increasingly popular.
By choosing to create semi fungible token, the batch token transfers become easier as it supports both non-fungible (NFTs) and fungible tokens. A single contract is used to make various types of NFTs, resulting in reduced gas fees.
With Rust Chain Lab Launch your SFT token, individuals like artists, gamers, and brands can leverage the capability of SFTs to put different tokens into one contract. This not only saves cost but also simplifies the management of tokens.
We perform SFT development using the ERC-1155 multi-token standard. This allows each token ID
to represent a new token type that can be easily configured to have different attributes altogether.
Create a token that can have a mix of fungible and non-fungible tokens.
Each token under this token will have attributes like token ID, token count, and metadata.
Professional methodology to develop SFT token with end-to-end support.