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Blockchain Gaming
February 16, 2021

Fungible & Non-Fungible Assets

What's the difference between fungible and non-fungible assets?

Written by
Esther
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Fungible Assets

Fungible blockchain assets are replaceable by another identical item; they are mutually interchangeable.

Gold coins, mana gems, and resources like iron, stone, and wood are fungible . One gold coin is equal to another gold coin; one piece of iron is the same as another piece of iron. These assets are identical.

Non-Fungible Assets

Non-fungible assets are unique, and thus not interchangeable.

A sword that you crafted and used, a spaceship you named “Rocinante,” and a level 57 are non-fungible — they are unique and cannot be interchanged. You can’t trade a Mona Lisa for a Mona Lisa.

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