Multi-Token Standard refers to a framework that allows the creation and management of multiple tokens on a single blockchain. This approach enhances efficiency by enabling developers to issue various types of tokens, such as fungible and non-fungible tokens (NFTs), under one set of rules.One common example is the ERC-1155 standard on Ethereum. Unlike earlier standards, which usually support only one type of token, ERC-1155 can handle both fungible tokens (like currency) and NFTs (like collectibles) within the same smart contract. This reduces complexity and saves on transaction costs.Additionally, Multi-Token Standards facilitate easier interoperability between tokens. Applications can manage and exchange various token types without needing separate contracts for each, streamlining processes for developers and users alike. This flexibility promotes innovation and growth within blockchain ecosystems.