NFT ERC-721 vs. ERC-1155 Standards 2

Question 1

In ERC-1155, what does a single contract allow you to manage?

Accepted Answer

Multiple token types including both fungible and non-fungible

Answer

Only one fungible token type

Answer

Only non-fungible tokens

Answer

Only ERC-20 wrapped assets

Question 2

Which function signature is unique to ERC-1155 for moving several token types at once?

Accepted Answer

safeBatchTransferFrom

Answer

transferFrom

Answer

approve

Answer

ownerOf

Question 3

What does ERC-721's ownerOf(tokenId) return?

Accepted Answer

The address that owns the specific token

Answer

The balance of a holder

Answer

The total supply

Answer

The token URI

Question 4

Why does ERC-1155 typically save gas when minting many items?

Accepted Answer

It batches operations and shares one contract for all token types

Answer

It uses no storage

Answer

It avoids the EVM entirely

Answer

It mints off-chain only

Question 5

In ERC-1155, how is a fungible token represented versus a non-fungible one?

Accepted Answer

By a token ID with a supply greater than one (fungible) or exactly one (NFT)

Answer

By contract address only

Answer

By a separate ERC-20 contract

Answer

By the token URI alone

Question 6

Which standard requires a separate contract deployment for each distinct collection by design?

Accepted Answer

ERC-721

Answer

ERC-1155

Answer

ERC-20

Answer

ERC-777

Question 7

What interface must a contract implement to safely receive ERC-1155 tokens?

Accepted Answer

IERC1155Receiver

Answer

IERC721Receiver

Answer

IERC20

Answer

IOwnable