We already know that
ERC-1155 is a combination of
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
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?