You have 100 ownership of your NFT non-fungible token represented by a token you can store in your wallet just like other cryptocurrencies.

What is the difference between fungible and non fungible tokens. Fungible tokens on the other hand are non divisible assets which are not unique and can be readily exchanged for another asset of like kind. However they are also frequently pitted against fungible tokens or existing cryptocurrencies. This is the fundamental difference between a fungible asset and a non-fungible asset.

It is just a question of. For example fiat money is fungible as 20 notes are interchangeable with. If the ERC20 token supply is set to 1 the token can be viewed as an NFT which closes the circle note.

Few Use Cases of Non-Fungible Tokens. Fungible tokens are divisible and various smaller fractions could be used to pay back a larger amount. The ERC-721 token standard helps create non-fungible tokens.

The Difference Between Fungible And Non-Fungible Tokens blog will help you in distinguishing what is Fungible and Non-Fungible Tokens illustrating their pros cons and use cases. Difference Between Fungible and Non-Fungible Tokens. Cryptocurrency and fiat currency.

The followings will shed gentle to the talk on fungible vs non-fungible tokens and enable you to notice the The Difference between Fungible and Non-Fungible Tokens Fobus Coins BitcoinBTC 3069600 -312. Fungible Tokens are exchangeable with an equivalent type of tokens. Let us clear our doubts by taking a look at the difference between fungible and non-fungible tokens.

The more widely regarded and accepted a specific currency is the more people will use it and hence more its perceived value will be. The non-fungible tokens are the ones that cannot be exchanged. Both fungible tokens like Bitcoin Ether Doge and other cryptocurrencies and NFTs are a form of digital assets.