ERC-1155 is a token standard designed to optimized the creation and management of assets on blockchain. This standard permits a combination of both fungible and non-fungible tokens in a smart contract, the main benefit being reducing the costs.
ERC-1155 can be either fungible (ERC-20) or non-fungible (ERC-721).
Some benefits of the ERC-1155 token standard are:
You can configure both fungibles (e.g. ERC-20) and NFTs (e.g. ERC-721) in a single smart contract
Save gas (transaction fees) costs
Batch Transfers
Widespread adoption
For any additional questions, please view our other knowledge base articles or contact a support team member via the chat button. Examples are for illustrative purposes only.