Bianca
Mon Jul 15 2024
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6 answers
1615
Are non fungible tokens interchangeable?
In the realm of digital currencies and blockchain technology, one concept that has garnered significant attention is the notion of non-fungible tokens (NFTs). However, for those new to this realm, a question arises: are non-fungible tokens interchangeable? At the core, fungibility refers to the ability of an asset to be replaced by another identical asset without affecting its value. This begs the question: do NFTs possess this same interchangeability? Given their unique digital identities and often-associated scarcity, NFTs seem to defy the traditional understanding of fungibility. So, are non-fungible tokens interchangeable? Let's delve deeper into this intriguing question.
