Semi-Fungible Tokens with ERC1155 ERC1155 is a new way to create semi-fungible tokens. However, what are semi-fungible tokens? These are new types of tokens that merge different properties of the token standards that came before them. Think of it as having the best of both worlds. Let’s take this useful analogy: you’re able to create a store coupon – thus a fungible token – which holds the value until you redeem it. After redeeming the coupon, it has zero dollar value and you can not trade it as a regular fungible token. Therefore, the redeemed coupon, with altered properties, becomes unique with information about the item redeemed, the customer, the price, and so on. Hence, it becomes non-fungible. However, a semi-fungible token standard such as ERC1155 is capable of representing both attributes.

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