In general, tokens refer to a physical or visible embodiment of an idea, concept, or feeling. The key to understanding the difference between fungible and non-fungible tokens is to know what tokens are. However, using a coin price tracker like CoinStats, you can see how your crypto, DeFi, and NFT assets are doing without worrying about security. Keeping fungible tokens and NFTs as part of your portfolio can be challenging because of the unstable cryptocurrency market. Every CryptoKitty is unique, and no two CryptoKitties are the same it is impracticable to break a CryptoKitty into smaller pieces, trade them, and reassemble them to create an equally valuable CryptoKitty, unlike fungible assets like Bitcoin. NFTs may be considered fungible but untradeable tokens that provide various opportunities for employing blockchain technology.Ĭrypto Kitties are the most famous example of non-fungible, collectible tokens. They are one-of-a-kind because they cannot be split or modified for other non-fungible objects of the same kind. Where as Non-fungible tokens are special tokens that represent unique, collectible items. Non-fungible tokens by defining each and providing examples.įungible tokens are cryptocurrencies like Bitcoin (BTC) non-fungible tokens are data units representing a unique digital asset stored and verified on the blockchain. We share the difference between fungible vs. The idea of tokens in the cryptocurrency era represents having something tangible (physical) or intangible (non-physical, i.e., a service) within its ecosystem.
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