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We already know that ERC-1155 is a combination of ERC-20 and ERC-721. Now, a new standard has arrived called EthItem saying that it is the combination of ERC-20, ERC-721, ERC-1155. So what is the difference between ERC-1155 and EthItem?

As far as I have analyzed, I guess that "ERC-1155 allows us to mint both ERC-20 and ERC-721 in a single contract, whereas EthItem allows us to convert Native items to Wrapped items and vice versa. Say for eg. a non-fungible ERC-721 or ERC-1155 token can be wrapped into fungible ERC-20 token". But is this correct? Can somebody please explain more clearly about EthItem? And what are those native and wrapped item?

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No.

Nobody knows about EthItem as a published standard.

The list of published standards is recorded at https://eips.ethereum.org/all

But if you have seen some draft, then maybe people are talking about it. And it would then be in a very early stage // definitely not at a point where you want to implement it.

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