BEP-1155 is a token standard on the BNB Chain that allows developers to manage both fungible tokens (currencies) and non-fungible tokens (NFTs) within a single smart contract.

This hybrid model combines the features of BEP-20 and BEP-721, making it more efficient and cost-effective. For example, a blockchain game can issue its in-game currency and unique NFTs under the same BEP-1155 contract, saving on fees and simplifying asset management.

Compared to Ethereum’s ERC-1155, BEP-1155 offers the same flexibility but with lower gas fees and better scalability on the BNB Chain. It is widely used in gaming, collectibles, and DeFi, providing developers with a powerful tool to build diverse blockchain applications.