What is the difference between FA1.2 and FA2 standards?
Any Tezos user can create a custom token of his own. To facilitate tokenization Tezos employs several token standards:
- FA 1.2 is the more generic one, supporting only fungible tokens (akin to Ethereum's ERC-20). FA 2 is an advanced standard that also supports NFTs (similar to ERC-721 standard) and allows for multiple tokens to be managed on the same contract (like ERC-1155).
- FA 2 is an advanced standard that also supports NFTs (similar to ERC-721 standard) and allows for multiple tokens to be managed on the same contract (like ERC-1155). NFT is a non-fungible token (FA2 standard). Each NFT is absolutely unique. This standard is most suited for minting digital collectible items, art objects, tickets, etc.
More information about differences between FA1.2 and FA2 standards you may find in our educational article.
\
Last modified 1yr ago