All For One
  • Getting Started
    • Introduction
    • Installing the App
    • Creating a Wallet
      • Create via Seed Phrase
      • Create via SSO
      • Create via SSS
    • Importing a Wallet
      • Import via Seed Phrase
      • Import via Private Key
      • Import via SSS
      • Import via Hardware Wallet
    • Searching Crypto Assets
    • Buying Crypto Assets
      • Buying Coins with Fiat
      • Buying Tokens with Coins
    • Selling Crypto Assets
      • Selling Coins for Fiat
      • Selling Tokens for Coins
  • Token Research
    • Token Charts
    • Token Transactions
    • Token Whale Watching
    • Token Liquidity Info
  • Wallet Management
    • Supported Blockchains
    • Importing Tokens
    • Sending Crypto Assets
    • Receiving Crypto Assets
    • Wallet-Specific Settings
      • Enabling Chains
    • Global Wallet Settings
      • Collapse Defaults
      • Condensed View
      • Sort Tokens
      • Hide/Rearrange Wallets
  • User Settings
  • ECLIPSEâ„¢ Rankings
  • Security Features
  • Glossary
    • Definitions
      • Self-Custody Wallets
        • Public Addresses
        • Seed Phrases
        • Private Keys
        • Shamir's Secret Sharing
        • Multi-Chain Wallets
        • Hierarchical Determination
      • Smart Contracts
        • Tokens
        • NFTs
        • Staking Pools
      • Gas
      • Decentralized Exchanges
        • Automated Market Makers
        • Liquidity Pools
        • CPMM Formula
      • Decentralization
        • Distributed Consensus
          • Proof-of-Work
          • Proof-of-Stake
        • Decentralized Applications
        • Web3
        • Blockchains
          • Blockchain Explorers
    • Disambiguation
      • Coins vs Tokens
      • Seed Phrase vs Private Key
      • DEXs vs CEXs
      • Fungible vs Non-Fungible Tokens
      • PoW vs PoS
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  1. Glossary
  2. Disambiguation

Fungible vs Non-Fungible Tokens

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Last updated 2 years ago

Fungible are digital assets that are interchangeable and have the same value. This means that any one unit of a fungible token can be exchanged for another unit of the same token without any loss of value. An example of a fungible token is a bitcoin, which can be exchanged for any other bitcoin without any difference in value.

(NFTs), on the other hand, are unique and cannot be exchanged for other tokens without losing their value. Each NFT is unique and has its own specific set of attributes, making it one-of-a-kind. An example of a non-fungible token is a collectible item in a video game, which has a specific set of attributes and cannot be traded for another collectible without losing its value.

The main difference between fungible and non-fungible tokens is that fungible tokens are interchangeable, while non-fungible tokens are unique and have their own specific attributes. This makes non-fungible tokens useful for representing unique digital assets, such as collectibles or other one-of-a-kind items. Fungible tokens, on the other hand, are typically used as a means of payment or as a store of value.

tokens
Non-fungible tokens