There are usually 2 different types of NFTs that people mint and these are primarily because some focus on uniqueness and being exclusive while others don't so the difference between the two can somewhat be like a box of assorted chocolates and a pack of snickers. With that being saint let's dive deeper into this.
Differentiating them both
ERC-1155 is a new type of NFT (non-fungible token) standard on the Ethereum blockchain, which allows for the creation of both fungible and non-fungible tokens within a single smart contract. This means that it allows for the creation of unique tokens (like traditional NFTs) as well as interchangeable tokens (like cryptocurrencies) in the same contract. This can be useful for creating in-game items, collectibles, and other digital assets.ERC-721 however, is a type of Non-Fungible Token (NFT) on the Ethereum blockchain. NFTs are unique digital assets that represent ownership of a specific item or piece of content, such as a collectible, artwork, or in-game item. Unlike fungible tokens like Ether (ETH) or ERC-20 tokens, each ERC-721 token is unique and non-interchangeable.
Conclusion
With that being said, NFTs have their USP that is already set and it comes as no surprise that there are different variants. While some might object saying that it takes away from the entire idea of what NFTs were meant to be, one has to also understand that these NFTs are still one of a kind and while they might look the same visually they are not which also explains what there are so many NFT marketplaces in india. They have different serial numbers and there is only one of those numbers each which makes them a rarity either way.
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