WHAT ARE FUNGIBLE AND NON-FUNGIBLE ASSETS

 "Fungible" and "non-fungible" are terms used to describe different types of assets, including those within the realm of cryptocurrencies.

Fungible: A fungible asset is something interchangeable on a one-to-one basis with another asset of the same type and value. In other words, each unit of a fungible asset is considered identical and can be exchanged for any other unit of the same asset without any difference in value. Common examples of fungible assets are traditional currencies (like dollars or euros) and cryptocurrencies like Bitcoin or Ethereum. If you have one Bitcoin and you exchange it for another, you still have the same value.

CRYPTO AND FIAT CURRENCY
CRYPTO AND FIAT CURRENCY


Non-Fungible: A non-fungible asset, on the other hand, is unique and cannot be exchanged on a one-to-one basis with another asset, even if they are of the same kind. Each non-fungible asset has distinct characteristics that make it different from all others. Non-fungible tokens (NFTs) are a prime example of this. Each NFT represents a unique item or piece of content, such as digital art, collectibles, music, virtual real estate, and more. Since NFTs are unique and indivisible, they cannot be directly exchanged for another NFT with the same value.


NFT OF CARTOON
NFT OF CARTOON


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