What's the difference between fungible & non-fungible tokens?
Web3 is incomplete without NFTs and FTs. Make sure that you’re updated with the definition along with what’s going on in the NFT world.
Tokens are classified into two types : fungible and non-fungible.
* Fungible tokens are interoperable with cryptocurrencies such as BTC, ETH, and others. Assume you have a large number of tokens that you want to exchange for a new car. It makes no difference if the tokens are all different colours or sizes as long as they all have the same value.
* Non-fungible tokens (NFTs) on the other hand, are one-of-a-kind. Each is distinct from the others. So, if someone wanted to trade their token for a new car, the dealer would need to know which token they were referring to.
