What are NFTs? Non Fungible Tokens: Everything You Need To Know About
In economics, a fungible asset is something with units that can be readily interchanged - like money. With money, you can swap a ?10 note for two ?5 notes and it will have the same value. However, if something is non-fungible, this is impossible - it means it has unique properties so it can't be interchanged with something else. It could be a house, or a painting such as the Mona Lisa, which is one of a kind. You can take a photo of the painting or buy a print but there will only ever be one original painting.
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