Fungible: What the 'F' in NFT stands for and why it matters

While fungible items are interchangeable with each other, non-fungible assets are unique.
Bitcoin; Ethereum; Alyssa Powell/Insider
Fungibility refers to an asset's ability to be exchanged for something else of equal value.Some examples of fungible assets include currencies, commodities, and precious stones.
Non-fungible assets are unique, requiring much more complex valuation before a sale and include things like real estate, art, and sports cards.
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