ERC-1155 Tokenization Standard

ERC-1155 is a token standard built on the Ethereum blockchain, incorporating non-fungible token (NFT) technology. Unlike previous standards, ERC-1155 allows a single smart contract to manage various token types, including fungible, semi-fungible, and non-fungible tokens. It represents an innovative approach to multi-token functionality, eliminating the need for separate contracts for each token type or collection. By reducing redundant code on the Ethereum blockchain, ERC-1155 enhances efficiency and flexibility in tokenization.