In this article, you will gain a comprehensive understanding of the ERC-721 and ERC-1155 token standards.

ERC-721 is a widely adopted Ethereum token standard used for creating unique, non-fungible tokens (NFTs). Each ERC-721 token is distinct, with its own unique identifier, making it ideal for representing ownership of digital or physical assets.

ERC-721 tokens are indivisible and non-interchangeable, meaning each token represents a specific asset or piece of content. These tokens can be bought, sold, and traded on platforms like Magic Eden, providing digital ownership of assets such as digital art, collectibles, and virtual real estate.

ERC-1155 is another Ethereum token standard that supports the creation of both fungible and non-fungible tokens within a single contract. This flexibility allows for the creation of multiple tokens within a single transaction, making it more efficient and cost-effective compared to ERC-721 for certain use cases.

ERC-1155 tokens can represent both unique assets (NFTs) and fungible assets (FTs) within the same smart contract. This standard is particularly useful for applications requiring a combination of both types of tokens, such as gaming platforms where players can own unique in-game items alongside fungible currencies.

From your profile, simply click the 'My Items' tab, and you will see all the NFTs you own.

Use the filter button to refine the displayed items by collection.

You can choose to view only ERC721 or ERC-1155 collections.

From the Item Details page, scroll down and look for the 'Details' section for the particular NFT in question. Under the Details section, you will see various information about the NFT. In this case, you will see the 'Token Standard,' and it will list if it is ERC-721 or ERC-1155.

ERC-721 and ERC-1155 tokens play a role in the NFT ecosystem, providing unique identifiers and ownership rights for digital assets.