nft21

Currency is easy to trade because of its fungibility, meaning it can be traded even if of unequal value. Imagine you have a dollar bill worth $1.50 and want to trade it for two one-dollar bills worth $1 each. You can do so without the parties worrying about the difference in value between the bills because they're all equal in value. image source: decrypt.co However, this is not true with assets that are considered non-fungible tokens (NFT's), which means they are unique or "special" in some way that makes them more difficult to trade for what you want in return. When you sell company stocks, all of the shares are considered fungible, or easily interchangeable. image source: cryptoslate.com That is, different shareholders can own the same stocks and they'll still be able to trade them with one another. But when you sell non-fungible token (NFT) stock on the Ethereum platform, it means that each holder will receive a unique digital representation of the company