The US Dollar is fungible in that each bill of the same monetary value in that financial system is exchangeable for another.

Non fungible token explanation. Non-fungible tokens or NFTs are pieces of digital content linked to the blockchain the digital database underpinning cryptocurrencies such as. The simplest explanation of NFT Non-Fungible Token is a unit of data stored on a digital ledger called a blockchain that certifies a digital asset to be unique and therefore not interchangeable. What are non-fungible tokens.

Le site officiel de présentation de lERC-721 décrit les tokens non fongibles de la manière suivante. Blockchain technology provides countless usabilities and aims to change the world as we know it. Simplified explanation about NFT.

Some of them become reality and stay others disappear. When something is non-fungible the elements belonging to a collection are not interchangeable. Non-fungible means that there is no fungibility thus there cant be more than one of a particular NFT.

NFTs are the most secure and transparent method to distribute trade store and track digital and physical assets. Lorigine des NFT Non Fungible Token Historiquement les tokens non fongibles ont été créés sur Ethereum. Because they cannot be replicated they represent something unique and special.

If you have then congratulations you are already somewhat familiar with non-fungible tokens NFTs and the ERC721 protocol. It is one of the major pillar that are supporting the new digital economy pwoered by Blockchain. In 2020 the phenomenon that is being mentioned more and more often is non-fungible tokens NFTs.

For example a piece of art a collectible is a non-fungible token. Even a persons skills or time used for monetization purposes can be regarded as a non-fungible token. NFTs or non-fungible tokens have been making headlines for the past year.