When asking, “What are NFTs?” it wouldn’t be enough to answer, “Oh, they’re non-fungible tokens.” 

Even though that’s the most straightforward answer, it still doesn’t switch on a lightbulb for many people. Does anyone even know what the word ‘fungible’ means?

Fungible is another word for interchangeable. Fungible assets include stock shares, cryptocurrency, or cash. 

On the other hand, a non-fungible asset is something that is one-of-a-kind. It can’t be exchanged while retaining its original value.

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