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How Does an ERC-1155 Token Standard Combine Aspects of Both ERC-20 and ERC-721?

ERC-1155 is a multi-token standard that allows a single smart contract to manage both fungible (like ERC-20) and non-fungible (like ERC-721) tokens. This efficiency reduces deployment costs and simplifies contract management.

It's often used for games where a contract needs to manage both in-game currency (fungible) and unique items (non-fungible).

How Does a Token Standard like ERC-20 Differ from ERC-721?
What Are the Key Differences between ERC-721 and the Newer ERC-1155 Standard?
How Does ERC-1155 Improve Gas Efficiency over ERC-20 and ERC-721?
What Is the Concept of a Semi-Fungible Token (ERC-1155)?