Lots of things in the investing world are considered fungible. Most of these are things you'd almost certainly think of right away, given the definition, but a few may surprise you. Fungible things include: Cash. Money has a set value and is considered like for like in a value transaction...
What does NFT mean? NFT stands for non-fungible token, and“non-fungible” is what distinguishes NFTs from cryptocurrencies. Bitcoin and Ethereum are fungible tokens — one Bitcoin can be exchanged with another and nothing is gained or lost. By contrast, each NFT has a unique value and canno...
NFT: a non-fungible token linked to a unique digital or physical asset that can't be replaced with something else. NFTs are not cryptocurrencies, which consist of fungible or tradable tokens. This creative example of Web3 technology is bound to evolve in the future. Distributed computing or ...
NFT stands for non-fungible token. NFTs allow ownership of different forms of digital media, like collectible art. Purchase NFTs now with Tezos.
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Durable means the money is easy to save across time; it does not rot or rust or break easily. Fungible means that individual units of the money don’t differ significantly from each other, which allows for fast transactions. Verifiable means that the seller of the goods or services for the...
What does creditworthiness mean? In investing, what does hedge mean? In regards to credit, what does capacity mean? What does being a stockholder mean? What does "cash is king" mean? What does offset mean in finance? Define fungible
Crypto has faced some trouble. What does this mean for Web3? The cryptocurrency market is facing an uncertain future: in 2022, it lost more than 50 percent of its market capitalization, as several currencies lost value and multiple cryptocurrency exchanges closed. It’s true that cryptocurrencies...
One example from the financial-services industry is stablecoins, a type of cryptocurrency pegged to real-world money designed to be fungible, or replicable. Another type of token is an NFT—a nonfungible token, meaning a token that is provably scarce and can’t be replicated—which is a ...
Virtual tchotchkes, like NFTs (Non-Fungible Tokens), have gained popularity as digital collectibles, with people paying significant sums for ownership of unique, digital assets. In a sense, these virtual items function much like their physical counterparts, providing collectors with a sense of ownersh...