--- title: "List Out The Contrasting Fact of Fungible Tokens & Non- Fungible Token" description: "Here is the List of The Contrasting Fact of Fungible Tokens & Non- Fungible Token" author: "Sophia Linnea" published: 2021-06-11 canonical: https://www.mindstick.com/blog/298003/list-out-the-contrasting-fact-of-fungible-tokens-non-fungible-token category: "business" tags: ["business process"] reading_time: 1 minute --- # List Out The Contrasting Fact of Fungible Tokens & Non- Fungible Token \ What Is Fungible Token? Fungible [tokens](https://www.mindstick.com/forum/159294/create-an-express-js-server-route-to-handle-user-login-authentication-using-jwt-json-web-tokens) are commonly used as a monetary value and are exchanged as currencies. In the [exchange](https://www.mindstick.com/articles/126146/the-current-scenario-of-cryptocurrency-exchange-platforms) of fungible tokens, it does not hold any meaning, since they have the same value which are chiefly utilized to track balances and make [payments](https://answers.mindstick.com/qa/32097/samsung-has-tied-up-with-which-bank-to-offer-bill-payments-on-samsung-pay). Non Fungible Tokens The [crypto](https://www.mindstick.com/articles/332145/5-reasons-you-should-choose-a-career-in-crypto) tokens which hold data in place of value and are [unique](https://www.mindstick.com/blog/12870/how-to-be-unique-in-business) are [known as](https://answers.mindstick.com/qa/35703/ricky-ponting-is-also-known-as-what) non fungible tokens. No two NFT’s can hold the same value. These tokens do not inherit any value [as well as](https://www.mindstick.com/interview/2481/can-you-write-a-java-class-that-could-be-used-both-as-an-applet-as-well-as-an-application) differ from cryptocurrencies. Fungible Tokens and Non Fungible Tokens Fungible: Easily Interchangeable used to buy and sell [assets](https://yourviews.mindstick.com/view/88517/modern-approaches-to-organizing-and-tracking-property-assets). They have no additional value. Non Fungible: Also interchangeable with unique data value Fungible: Depends on ERC-20 Non Fungible: Based on ERC-721 Standards Fungible: Chiefly used to make payments and track assets Non Fungible: Chiefly used to represent owners unique [entity](https://www.mindstick.com/forum/540/using-stored-procedures-with-entity-framework-in-an-asp-dot-net-application) Fungible: Value [transfer](https://www.mindstick.com/blog/11733/debt-management-for-startups-consolidation-loan-vs-balance-transfer) depends on the number of tokens an owner’s possession. Non Fungible: Value transfer is based on the unique value that a token possesses. To Know More >> https://www.securitytokenizer.io/tdreamdoe \ --- Original Source: https://www.mindstick.com/blog/298003/list-out-the-contrasting-fact-of-fungible-tokens-non-fungible-token Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.