So, here may we present you the difference between Fungible Tokens vs Non-Fungible Tokens and it’s benefits!
The potential of blockchain technology is much more than digital assets like cryptocurrencies.
Imagine having your company issued on the blockchain as a digital data that is known by all authorities around the world — no need to translate, validate, verify it.
This makes fungibility completely essential to the concept of currency, whether they be crypto or otherwise.
If you send someone 1 Bitcoin, Ether or Zcash, and get one back, you wouldn’t notice any difference.
ERC-721 gives a token a standard set of attributes and functions through the use of a smart contract, which must be met to be managed, owned, and traded.
https://www.developcoins.com/fungible-tokens-vs-non-fungible-tokens
Antier Solutions is a reliable and reputable Non-Fungible Token Development company offering end-to-end non-fungible token development services.
Our skilled team of blockchain developers combines with subject matter experts to create the best non-fungible token with unique USPs.
Every NFT represents a particular real-world asset and can’t be directly converted to and from another token.
With Antier’s end-to-end NFT token development services, individuals and institutions can assure total ownership of their assets.
Our NFTs follow three standards- ERC-721, ERC-1155, and ERC-2309.
To know more about our NFT development services, feel free to call us.
Some consider Non-fungible token “a modern Holland tulip fever”.
Indeed, in early April, an NFT artwork was sold for more than $69 million through auction.
Non-fungible token“Artists have been using hardware and software to create artwork and distribute it on the internet for the last 20+ years but there was never a real way to truly own and collect it… With NFTs that has now changed.
Mike is the owner of the NFT artwork "Everydays: The First 5000 Days" - which was sold for more than $69 million in early April this year.In the past few years, the term Non-fungible token (NFT), associated with blockchain, has become popular in the digital product market.
The world has continuously recorded sales records of NFT products including digital art, GIFs, game items, and even famous tweets.Since NFT is a new concept, it has much to talk about.
Created in 2014 but the story of NFT only became famous in 2017, with a video game called CryptoKitties, which allows players to buy and "breed" limited edition virtual cats by tokenization assets.Tokenization of game assets has set NFTs-based games apart from others since then.