What is the difference between fungible and non-fungible tokens?

NFT stands for non-fungible token. It’s generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum , but that’s where the similarity ends. Physical money and cryptocurrencies are “fungible,” meaning they can be traded or exchanged for one another.15 Şub 2022

Non-fungible tokens can digitally represent any asset, including online-only assets like digital artwork and real assets such as real estate. Other examples of the assets that NFTs can represent include in-game items like avatars, digital and non-digital collectibles, domain names, and event tickets .

In a blockchain, fungible tokens are cryptocurrencies like Bitcoin (BTC). Nonfungible tokens are units of data that represent a unique digital asset stored and verified on the blockchain .