Thinking about building on Ethereum? 🤔 Choosing between ERC721 and ERC1155 is a crucial decision!

This thread breaks down the key differences & helps you decide which is right for your project.

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ERC721: The OG NFT Standard (Non-Fungible Token)

Think of it as a unique identifier for one-of-a-kind digital assets. Each token is distinct, with its own history & metadata.

Perfect for:
🎨 Art
🏡 Real world assets
🎮 Unique game items

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ERC1155: The Multi-Token Standard

This standard is a game-changer for efficiency! It allows a single smart contract to manage multiple types of tokens – both fungible (like currencies) and non-fungible (like NFTs).

Key characteristics of ERC721:

Uniqueness: Each token has a unique tokenId.
Ownership: Clear ownership for every single token.
Traceability: Full history of ownership transfers.
It's like owning a specific, numbered painting – no two are exactly alike!