How does erc1155 NFT work?

Pack multiple tokens into ERC1155 NFTs that act as randomized loot boxes. Deploy Pack in one click with thirdweb. The pack contract lets you bundle ERC20, ERC721 and, ERC1155 tokens together into ERC1155 NFTs that act as randomized loot boxes.

Why is ERC 1155 the gold standard for NFTS?

Moreover, thanks to ERC 1155, the system no longer needs to approve token contracts individually. ERC 1155 is the only token standard that enables you to create every type of tokenized asset, from currency and real estate to digital art and gaming items. In turn, this also makes it the gold standard for NFTs.

What is the erc1155 token standard?

The ERC1155 token standard - sometimes stylized as ERC-1155 - is a non-fungible token (NFT) standard. Read how to use it with Moralis! Start for Free Start for Free Login Products Organised Blockchain Data Use powerful cross-chain data APIs for NFTs, tokens, balances, DeFi and more. web3 data api Real-Time On-Chain Notifications

What is a non fungible token (NFT)?

When the supply is just one, the token is essentially a non-fungible token (NFT). And as is standard for ERC-721, you can define a metadata URL. The URL can be read and modified by clients, see here.