What does fungible mean?

Definition of fungible (Entry 2 of 2) : something that is fungible (see fungible entry 1 sense 1) : a good one part or quantity of which can be substituted for another of equal value in satisfying an obligation —usually used in pluralFungibles may be valued by weight or measure.

What does it mean when something is non-fungible?

Put simply, when something is non-fungible, it is unique or one of a kind. There may be other similar products or assets, but each one has its own particular features and quirks, especially in terms of quality. What Are Non-Fungible Tokens (NFTs)?

Is money fungible or non-fungible?

Like goods and assets that are not interchangeable, such as owned cars and houses, are non-fungible. Money is a prime example of something fungible, where a $1 bill is easily convertible into four quarters or ten dimes, etc. Fungibility implies that two things are identical in specification, where individual units can be mutually substituted.

What is a non-fungible coin?

Even your collection of coins that are no longer in circulation are nonfungible. Basically, nonfungible is just a high-brow word for something that is unique and thereby defies easy interchangeability. What makes something Non-Fungible? The nonfungibility of an asset (or a thing) depends on a variety of factors.