What is erc1155 token?

With ERC1155, single deployed contracts can include varied combinations of non-fungible, fungible, and semi-fungible tokens. Created by the Enjin team, the ERC1155 token standard drew ideas from token standards like ERC20 and ERC721 token. It also introduced improvements of its own.

What is ERC 1155?

ERC-1155, an improved standard beyond ERC-721, is another token standard on the Ethereum blockchain that facilitates the creation of both kinds of tokens, fungible and non-fungible. The goal is to create a smart contract interface that can represent both types.

What are the advantages and disadvantages of ERC-1155?

The advantage of ERC-1155 is that it allows the creation of many different tokens under the same contract ( with ERC-20, a new contract needs to be deployed for every token). ERC-1155 is more suitable for multi-token economics, for example if a project has one token is designated as a security token (STO) and another Utility token.

What is multi-token standard?

A standard interface for contracts that manage multiple token types. A single deployed contract may include any combination of fungible tokens, non-fungible tokens or other configurations (e.g. semi-fungible tokens). What is meant by Multi-Token Standard?