Semi-Fungible Token Development

Semi-Fungible Token Development

A semi-fungible token (SFT) combines traits from both fungible and non-fungible tokens. An SFT stays fungible until it is used for a specific purpose. Osiz offers complete SFT token development services. You can use a single smart contract to manage multiple tokens. By creating semi-fungible tokens, transferring batches of tokens becomes simpler, as they support both NFTs and fungible tokens. A single contract can create various types of NFTs, which lowers gas fees. With Osiz's SFT token launch, artists, gamers, and brands can combine different tokens into one contract. This approach cuts costs and makes token management easier. Osiz also offers businesses a free demo option.

Key Features Of Our Semi-Fungible Token Development

The main features of our SFT development services are:

• Create a token that mixes fungible and non-fungible tokens.
• Each token will have details like ID, count, and metadata.
• We use a professional approach to develop SFT tokens with full support.

Our Semi Fungible Token Development Services

We use the ERC-1155 multi-token standard for SFT development. Each token ID is a new type of token with unique attributes. For example, a company can create tokens for customers and separate tokens for internal use. Each token has attributes like ID, count, and metadata. SFTs allow gamers, artists, and brands to combine multiple token contracts into one smart contract. This reduces costs and simplifies management, making it easier to track assets. Our open and affordable minting process adds value and removes complexities.

Our Semi Fungible Token Creation Process

Step 1: Define Your SFT and Its Use Case

• Concept: Explain what your SFT represents, its features, and how it fits into your project.
• Tokenomics: Decide the total supply, how it’s distributed, and if any tokens will be burned.
• Utility: Explain what your SFT will do within your system or app.

Step 2: Choose the Right Blockchain Platform

Look at transaction fees, security, current SFT infrastructure, and how many people in your target audience use it. Popular choices include Ethereum (ERC-1155 standard), Polygon, and Binance Smart Chain.

Step 3: Design and Develop the Smart Contract

You need good coding skills. Hire a blockchain developer or use secure SFT tools. Add features like minting, burning, transferring, and tracking token attributes. Ensure security by doing thorough audits and penetration tests.

Step 4: Design and Integrate User Interface (UI)

Create an easy-to-use platform, like a website or app. Let users view their holdings, mint or redeem SFTs, trade them, and use their features.

Step 5: Testing and Deployment

Test all smart contract functions and UI interactions. Handle potential issues before launching publicly. Deploy your SFT on the chosen blockchain. This way, users can access it easily.

Advantages Of Our Semi-Fungible Crypto Token Development

Benefits for Token Holders

You can easily manage both fungible and non-fungible tokens. Even if they are in one smart contract, you can unbundle them and trade each token separately.

Benefits for Token Creators

Minting is open, easy, and cheap. One smart contract can control both fungible and non-fungible tokens.

Why Choose Osiz for Semi fungible token development?

Osiz is a leader in blockchain development, active since the early days of the crypto boom. With over 15 years of experience, our skilled developers have witnessed and adapted to every shift in the crypto landscape. We've completed over 400 projects and have more than 50 ongoing ones, showcasing our commitment to excellence. Our team of 500+ includes 100 blockchain experts, ensuring top-notch semi-fungible token development. By integrating advanced technologies and best practices, we tackle every challenge head-on to deliver superior products. Chat with our experts now to revolutionize the crypto sphere with SFTs. We offer a free demo to let clients explore its features.