VEP-1155: Update of NUMI VEP-1155 standard on Venom Blockchain
The VEP-1155 token standard has emerged as a groundbreaking solution for the creation, tracking, and transfer of both fungible and non-fungible tokens within a collection. While the Ethereum ERC-1155 token standard has gained widespread adoption within the Ethereum Virtual Machine (EVM) ecosystem, it is not directly compatible with the unique architecture of the Venom blockchain.
To overcome this challenge, our team has developed the Multi-Token (VEP-1155) standard, which provides a distributed solution for seamless token operations on the Venom blockchain. This article delves into the features and benefits of VEP-1155, the upcoming upgrades, and the impact on users.
Upgrade Plans for VEP-1155 and the Impact on Users:
VEP — 1155 allowed us to implement our unique NFTs, which can be sold in large quantities, and this standard was developed by our team.
In order to enhance the functionality and compatibility of VEP-1155, an upgrade is planned on the Venom blockchain. This upgrade encompasses two primary objectives: integrating support for the VEP-1155 standard in Venom wallets and explorers and addressing identified issues that have emerged during its operation.
Important:
To accomplish these goals, a scheduled maintenance period has been planned for next week. The maintenance window is estimated to last up to 8 hours, during which the NFT contracts will be updated. Once numi.club.net reopens, users may notice that some of their previous NFTs are missing. This is due to the deployment of NFTs from scratch and their subsequent distribution to users. Rest assured, we are diligently working towards the launch of numi.club.net, ensuring that NFTs will be accessible to all.
To minimize disruption, we will send out all the NFTs from the drops (lootbox and quest) promptly, the other NFTs will take longer to distribute.
For mobile users (App Store/Google Play), please visit your respective app store, download and install the latest version of Venom Wallet, and then launch the app to enjoy the improved testnet experience.
For Chrome users, please ensure that you have the latest version of Venom Wallet installed from the Chrome Web Store and promptly install any available updates, then close and reopen Google Chrome to activate the changes.
The VEP-1155 token standard has revolutionized the creation, tracking, and transfer of both fungible and non-fungible tokens on the Venom blockchain. With upcoming upgrades and the integration of VEP-1155 support in Venom wallets and explorers, users can expect enhanced functionality and improved token operations.
While the migration process may require a few days to complete, our team is committed to ensuring a seamless transition and keeping users well-informed throughout the process.
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