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Fungible assets simplify the exchange and trade processes. Fungibility implies that two items have identical parameters, where individual units can be mutually substituted without a change in value. Commodities, common stock shares, and dollar bills are examples of fungible goods.

Another good example is Bitcoin. If Jenna lends Samantha 1 bitcoin, it does not matter to Jenna if they are repaid with a different bitcoin, as it is mutually substitutable. In the same way, Jenna can be repaid with .4 bitcoin in one transaction and .6 bitcoin in a second transaction. This is because the total would still be 1 bitcoin repaid, and there is no difference in value between any bitcoins.

See also the definitions for Non-Fungible and Semi-Fungible.

Over-the-Counter (OTC)

What Is Over-the-Counter (OTC)? Over-the-counter (OTC) in crypto and NFTs refers to the process of trading person-to-person instead of via a 3rd party marketplace or

GM

What does the term GM mean? If you have spent any time on crypto or NFT related Twitter accounts, Discord servers, or Telegram channels, you

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Hardware Wallet Setup Recommendations

Hackers are constantly looking for new ways to compromise your security and gain access to your crypto currencies and NFTs. Protecting your tokens can seem

Further Reading

Dimension X Featured Image

Dimension X Public Sale Launches on Gaia

The Dimension X public sale launched today on the Gaia marketplace. Dimension X is a Free-to-Play, Play-to-Earn strategic role playing game on the Flow blockchain

Polygon

What is Polygon?

Polygon is a decentralized “layer two” or “sidechain” Ethereum scaling solution that enables developers to build scalable user-friendly dApps. The blockchain prides itself on having