The ERC-1155 standard is an Ethereum token standard that permits a single smart contract to manage multiple types of tokens, including fungible, non-fungible, and semi-fungible assets. This efficiency contrasts with earlier standards requiring separate contracts for each token type. It streamlines transaction processing and reduces gas costs for diverse digital asset operations.
Context
This standard is widely referenced in news related to NFTs, gaming, and metaverse projects on Ethereum and compatible blockchains. Its adoption signifies a move towards more versatile and resource-efficient digital asset management. Discussions frequently highlight its benefits for inventory systems in virtual worlds and for creating complex digital economies.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
