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.