Fungible goods are mutually interchangeable – meaning that they can be replaced by another identical item. For example, all Bitcoin is the same. If you lend someone Bitcoin, you don’t know which specific Bitcoin you’re sending, nor do you know or care which Bitcoin you receive when you are repaid.
When you deal with NFTs (non-fungible tokens), every single token has its own identity and can be tracked and verified on its blockchain, almost like its own DNA. This mechanism helps assure both authenticity and proper ownership.
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