ERC-1155 Tokenization Standard

    ERC-1155 is a token standard based on Ethereum that incorporates non-fungible token (NFT) technology. A single ERC-1155 smart contract can manage multiple token types, including fungible, semi-fungible, and non-fungible tokens. It is supposedly the new multi-token standard. Other token standards, such as ERC-20 and ERC-721, necessitate the deployment of a separate contract for each token type or collection, resulting in excessive and redundant code on the Ethereum blockchain.