In crypto Cryptokitties are among the most popular non-fungible tokens.

Examples of non fungible token. These are unique assets. NFTs can be tokens that represent digital art houseproperty or precious gems like diamonds. Thus we can say that paper money is semi-fungible.

These are impracticable to break a CryptoKitty into smaller pieces trade them and reassemble them to create an equally valuable CryptoKitty unlike fungible assets like Bitcoin. Similarly front row tickets of theatre are much more valuable than tickets for the back row. Examples of fungible tokens are Bitcoin BTC Polkadot DOT Ethereum ETH and fiat money.

What are the Characteristics of NFTs. Each Cryptokitty is unique which means they are often sold for large sums of money. Wikipedia defines Non-Fungible Token NFT also known as a nifty as a special type of cryptographic token which represents something unique.

Non-Fungible Tokens NFTs are cryptographic tokens that are unique in nature and are not similar to any other type of Non Fungible tokens. Non-fungible tokens can also be described as digital works of art. But I like to have it because it is one that you typically dont find in Non-Fungible things.

Every CryptoKitty is unique and no two CryptoKitties are the same. To summarize a non-fungible token or NFT is primarily a unit of data ascribed to a particular digital item or a digital representation of a physical object. NFTs differ from cryptocurrencies in that they are unique and cannot be exchanged for another NFT in the way cryptocurrencies can be exchanged.

Physical paper money is slightly different in this regard because it comes in the form of various notes. Fungible and Non-Fungible Tokens. 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.