ERC-1155

ERC-1155 is a technical standard for creating digital assets on the blockchain, allowing one smart contract to manage multiple types of tokens simultaneously. Unlike traditional systems that handle one token type at a time, ERC-1155 can represent both fungible tokens (like currency) and non-fungible tokens (like unique collectibles) efficiently. This reduces costs and complexity, making it ideal for applications like gaming, where various asset types are needed. Overall, ERC-1155 streamlines token management, enabling more versatile and scalable digital asset systems on the Ethereum blockchain.