# ERC721 vs ERC1155 ERC-1155 and ERC-721 are both Ethereum token standards, but they have different properties and uses: **ERC-1155** It's a multi-token standard that allows for the creation of both fungible (interchangeable) and non-fungible (unique) tokens within the same smart contract. Some functions described below: This allows for more flexibility and can result in reduced gas costs compared to using separate contracts for different types of tokens. **ERC-721** It's a non-fungible token standard that defines a minimum interface for unique, indivisible tokens on the Ethereum blockchain. This means each token has its own unique identity, attributes and ownership. ERC-721 is most commonly used for creating unique digital assets such as collectible items, virtual real estate and more. *(above BAYC collection, the famous Apes)* In summary, ERC-1155 is a more versatile token standard while ERC-721 is mainly focused on unique digital assets. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.launchifi.xyz/what-to-choose/erc721-vs-erc1155.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.