Fungible Tokens Vs Non-Fungible Tokens — Key differences and features

Fungible Tokens (FT)

  • Fungible tokens are entirely exchangeable tokens. (e.g., Fiat currencies)
  • These are cryptographic tokens that are identical or uniform and can be interchanged freely with other fungible tokens of the same type.

Non-Fungible Tokens (NFT)

  • These tokens are different from fungible tokens in the way that they represent unique, collectible items.(e.g.Digital art)
  • They’re unique because they can’t be divided or exchanged for other non-fungible tokens of the same type.
  • NFTs can be considered tokens with no fungibility feature and offer feasible solutions for tokenizing ownership and property.

Properties of Fungible Tokens

Properties of Non-Fungible tokens

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I am a blockchain legal consultant and and expert in space of crypto assets.If you're a business looking to start working with blockchain, I'm here to help!

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Andrea Jacob

Andrea Jacob

I am a blockchain legal consultant and and expert in space of crypto assets.If you're a business looking to start working with blockchain, I'm here to help!

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