In reality we already have a lot of non-fungible digital assets.

Can non fungible tokens be copied. Theoretically everything can be tokenized. A non-fungible token NFT is another blockchain-based technology. The NFT can represent anything from virtual in-game goods to tangible assets like cars and artwork.

If you and I swap one-dollar bills neither of us is better or worse off. A non-fungible token NFT is a unique digital token created using blockchain technology. NFTs represent a wide range of tangible and intangible items.

The appeal of using non-fungible tokens for game items is that they are uniquely identifiable and cannot be duplicated or counterfeited. NFTs can be used to represent items such as photos videos audio and other types of digital files. Of course a person may still own a separate copy of the digital thing.

And thanks to their unique features NFTs cannot be copied. An NFT is therefore non-fungible and enables the creation of unique digital assets or identity enabling it to be distinguished from other tokens. As an example cryptocurrencies eg.

Unlike fungible tokens non-fungible tokens cannot be swapped for other non-fungible tokens since they have different properties for example a painting like the Mona Lisa cannot be realistically exchanged for Monets Water Lilies paintings. These cannot be exchanged for others due to their unique and unrepeatable nature. Non-Fungible means that that specific token is unique and not interchangeable with a similar token.

What makes NFTs beneficial is it ensures digital ownership as well as hold real-world value. NFTs are a blockchain asset like cryptocurrency for example a bitcoin is a fungible token. Alternatively you can create an online game in which NFT cardholders play.