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Can ERC-1155 Be Used to Represent a Basket of Different Cryptocurrency Assets?

Yes, ERC-1155 is highly suitable for representing a basket of assets, essentially functioning as a tokenized index fund or portfolio. A single ERC-1155 token ID could represent a share in the basket, with the underlying contract holding various ERC-20 tokens.

This allows for easy creation and trading of diversified investment products on-chain.

What Is the Concept of a Semi-Fungible Token (ERC-1155)?
How Can an NFT Be Used to Represent a Synthetic Asset That Is a Basket of Other Tokens?
How Does the ERC-1155 Standard Specifically Enable the SFT Structure for Financial Instruments?
Can ERC-1155 Be Used to Represent a Portfolio of Financial Assets?