This platform will also allow managing the tokens of different smart contracts
In just 30 seconds, Ethereum users can create smart contracts for collectible tokens ERC-721, through the decentralized application (DApp) Mintable, which was launched on Saturday, December 1st.
The application developed by Zach Burks offers in a single service the possibility of managing non-fungible tokens belonging to various types of smart contracts, as well as creating new collectible tokens.
According to Burks, Mintable is a DApp whose development took four months initially. In a matter of seconds, it allows to create tokens and that its developers maintain the right of ownership and the access to them. The token generator service is free in its alpha version.
According to Burks, almost all existing ERC-721s can be managed and transferred through Mintable. Additionally, the app also navigates in other smart contracts of non-fungible tokens.
To access Mintable, users need to have the Metamask extension in any web browser, an extension that serves as a bridge to the chain of Ethereum blocks.
Burks points out that while Mintable can be used to view and search information from any browser, without requiring a wallet from connected ethers, the latter does need to send transactions. In this regard, he noted that Mintable has compatibility with services such as Coinbase.
The entertainment sector is one of the most used by Ethereum’s blockchain, with the creation of collectible tokens for games inside and outside blockchain. Sports stars have been interested in this and CryptoKitties is a classic example of other Apps that use tokens, which even got to congest the Ethereum network, due to its high demand.
Hobby of collectibles
Collectible tokens, which can represent letters, characters, and even physical objects, are codes on Ethereum’s blockchain that demonstrate the property of a user on a particular item, whether digital or physical. This property can be exchanged between users through a transaction, which can be displayed in the respective intelligent contract, through a block browser.
It should be noted that collectible tokens are those of the ERC-721 standard, and that each game which uses these Ethereum tokens creates smart contracts. The latter can be developed to manage property transactions or as a new project built on blockchain.
Moreover, there is a standard of fungible tokens in Ethereum, along with the ERC-721, called ERC-20 that is used to create new cryptoactives. Similarly, it is used as a means of exchange in projects built on Ethereum, such as Augur and Aeternity.
A new non-fungible standard, the ERC-1190, was proposed to manage property licenses and creation of works of art in the Ethereum blockchain. This, unlike the ERC-721, allows to exchange the creative and the property license.
Some of the most popular Ethereum’s tokens are ERC20 (for new startups), EOS, Tron (TRX), Icon (ICX) and OmiseGo (OMG). There are several tokens that can be used with Ethereum, which are different from ether, which is the native currency of the Ethereum blockchain.
Tokens represent digital assets that can have a variety of attached values. They can represent assets such as coupons, promissory notes or even objects in the real world. In this way, tokens are smart contracts that make use of the Ethereum blockchain.
Among the blockchain community, there is a large group that believes Ethereum will have the largest market capitalization. This is due to its long-term scaling solutions, which include a transition from mining based on the proof-of-work algorithm to proof-of-stake mining.
That transition will allow Ethereum to have a drastically lower environmental footprint compared to Bitcoin and other test systems. The use, acquisition, and creation of tokens also make this platform attractive.
By María Rodríguez