This is different than something that is fungible.

Make a non fungible token. Non-Fungible tokens contain identifying information about these unique assets. The non-fungible token is shortly known as the NFT which is blockchain-based tokenization of any collectible item. Creating Non Fungible Tokens on Ethereum Blockchain.

Artists and designers should create their NFTs using the robust Ethereum blockchain network. Non-fungible is an economic term that you could use to describe things like your furniture a song file or your computer. It is meant to be mutually interchangeable with other forms of money.

Making a Non-Fungible Token Art Piece in 5 Easy Steps. Non-Fungible Tokens NFTs are digital assets that are either unique or rare. These kinds of tokens are unique non-identical indivisible and non-interchangeable.

In contrast something that is non-fungible is truly one-of-a-kind. However cryptocurrency is by definition fungible. Non-Fungible tokens solve this problem too Blockchain technology helps in creating a unique and immutable identifying system of these unique non-fungible assets.

Cryptocurrency like Bitcoin and Ethereum are examples of tokens. They can also be rare or scarce meaning only a limited number of them will ever exist. NFTs have not only influenced the world of art but have also impacted the gaming world.

The token refers to a virtual entity. An Ethereum-based wallet that is compatible with ERC-721 standards such as MetaMask Coinbase or Trust Wallet. Since an NFT is a unique digital item it cannot be exchanged for a like item because there.