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I have read about ERC 1155 that how it can be used to mint both fungible(ERC20) and non-fungible(ERC721) tokens. So my question is:

  1. Fungible tokens that we mint using ERC1155 will have exact same functions as a token minted from ERC20 contract will have or more functions can be added in it from ERC721 standard?
  2. I guess what I mean is that can functions of ERC20 and ERC721 be mixed to create kind of a semi fungable token?
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1 Answers

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ERC 1155 can be used to create semi-fungible tokens.

You can see this by checking the ERC 1155 docs: https://eips.ethereum.org/EIPS/eip-1155

The Simple Summary states: "A standard interface for contracts that manage multiple token types. A single deployed contract may include any combination of fungible tokens, non-fungible tokens or other configurations (e.g. semi-fungible tokens)."

Note: It would have been better to post this question on the Ethereum Stack Exchange.