Understanding Token Standards in Ethereum (ERC1155)
Too Long; Didn't ReadMulti-Token Standard (ERC1155) was introduced in 2018 by Enjin. ERC1155 can contain different token types with different configurations. Previously in ERC721, we had one contract for one collection and with constant settings for that one collection. Now EEC1155 makes one contracts for multiple collections possible. It is proposed in this way, that it can do the same functions as an ERC20 and ERC721 standard.