NFT Standard refers to a set of rules or protocols that define how non-fungible tokens (NFTs) are created, managed, and interacted with on a blockchain. These standards ensure interoperability, meaning NFTs created under the same standard can easily work together, be traded, or displayed across different platforms.The most commonly used standards include ERC-721 and ERC-1155. ERC-721 enables the creation of unique tokens, where each NFT has distinct metadata and properties. This is ideal for one-of-a-kind digital assets like artwork or collectibles. ERC-1155, on the other hand, allows for the creation of semi-fungible tokens, enabling a mix of fungible and non-fungible tokens in a single contract. This helps simplify transactions and reduces costs, particularly for gaming assets, where multiple identical items may be needed.By adhering to these standards, developers can ensure that their NFTs are compatible with wallets, marketplaces, and other applications, enhancing usability and expanding the ecosystem for creators and collectors alike.