1

I'm quite a Noob when it comes to smart contracts, and I'm trying to design a market place.

I will tokenise existing real world assets into ERC 721 tokens. The owner of each ERC721 will be eligible to mint x-amount of ERC-20 tokens, depending on it's unique characteristics.

Does that sound sensible, or does any part of that sound unreasonable?

It might make sense for the 721 to own the erc-20s initially - is that possible, does it have to be the owner of the 721, or is there a better way?

Are there similar use-cases out there already that I can look at?

Improve this question
2
  • Maybe you're interested in ERC-1155, which is basically a combination of ERC-20 and ERC-721.
    – Morten
    Commented Oct 25, 2020 at 20:07
  • Thanks @Morten - yeah that's on my radar :)
    – Positonic
    Commented Oct 25, 2020 at 20:22

1 Answer 1

Reset to default
0

While there are specific implementations of 1155 trying to be retrocompatible with 721, It sounds to me like the ERC998 is what you are looking for. A composable token using erc721 and therefore compatible with it. It allows for erc721 to own erc20 tokens.

Improve this answer

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.