Glossary - ChicksX

ERC-1155 is a versatile Ethereum token standard for creating both fungible and non-fungible tokens in a single contract.

ERC-1155 is a token standard on the Ethereum blockchain that enables the creation of both fungible and non-fungible tokens within one smart contract. This flexibility allows developers to manage multiple token types efficiently, reducing the cost and complexity associated with deploying numerous contracts. ERC-1155 is particularly useful in gaming and digital collectibles, where different items or assets can be represented by varying token types. By utilizing batch transfers and other optimizations, ERC-1155 enhances the scalability and functionality of decentralized applications.