ERC-1155 is a token standard on the Ethereum blockchain that allows for the creation of both fungible and non-fungible tokens within a single smart contract. This contrasts with ERC-20 (fungible) and ERC-721 (non-fungible) which require separate contracts. ERC-1155 is commonly used for representing in-game items, digital collectibles, and other assets where a mix of both unique and multiple instances of the same item are needed. It improves efficiency by batching transfers and reducing deployment costs.
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