Non-Fungible items are 100% unique items that cannot be replaced by mutual substitution. Non-Fungible goods cannot be swapped out for equal parts of another item since they are one of a kind. Since non-fungible items are not-identical they cant be replaced in part or in whole by an item of like kind. Recently non-fungible cryptocurrency tokens called NFTs (non-fungible tokens) have become a massive and rapidly growing multi-billion-dollar industry. Non-Fungible tokens, commonly called NFTs, are an example of unique, non-identical, non-fungible crypto tokens created, stored, and traded on blockchain networks.
NFT Term
Non-Fungible
Definition of Non-Fungible from the NFTguild.com glossary.
