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Fungible vs Non-Fungible Tokens

  • Fungibility refers to an asset's ability to be exchanged for something else of equal value;
  • Some examples of fungible assets include currencies, commodities, and precious stones;
  • Non-fungible assets are unique, requiring much more complex valuation before a sale and include things like real estate, art, and sports cards.

Throughout the lab, you will need to convert values from decimals to hex to ascii, etc. Use this tool to make your job easier.

Practice​

Think about the following example if fungible or non-fungible:

  • Diamond rock;
  • Penthouse apartment in Manhattan;
  • Mona Lisa painting;
  • LeBron James sport card;
  • LeBron James shirt he played in the 2020 NBA Finals;
  • A character in World of Warcraft.