ERC-1155 Standard

Definition ∞ 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.