If you’ve been researching the cryptocurrency and blockchain gaming world recently, you likely have seen a few mentions of NFTs. Non-Fungible Tokens, or NTFs for short (we understand why, fungible is just an odd word that inspires imagery of mushrooms and biology, not computer technology)
Let’s break it down a little further to understand fungibility. A cryptocurrency token is fungible if it is easily interchangeable and indistinguishable from a token of the same type. An NON-fungible cryptocurrency token would be unique to the world, and not interchangeable with a token of the same type. To relate this to real world, bitcoin is fungible like cash that you use to buy a diamond, while the diamond, with unique cut, size, shape and other attributes would be the NFT.