Token
Before you start your project, learn the distinction between NFT and FT.
Last updated
Before you start your project, learn the distinction between NFT and FT.
Last updated
As you already noticed, NMKR Studio allows you to create as well as .
A Non-Fungible Token is a completely unique Asset...
Unlike Non-Fungible tokens, Fungible tokens are about as "un-unique" as you can possibly get. They are completely interchangeable, have identical value and are indistinguishable from one another.
A good way to think about "Fungible" is thinking about FIAT money. From the point of view of trading, the £10 Note in your hand is EXACTLY the same as the £10 Note in someone else's wallet or the TWO £5 Notes on your table.
Similarly, $1 = $1, 1 BTC = 1 BTC, 1 ADA = 1 ADA and crucially there is simply no concept of 'I want THAT specific ADA' because there is no specific ADA, only an amount of ADA held in a wallet.
That, is what is means to be Fungible.
You may have noticed that we have a guide for creating . This is a different concept, so it is important that we outline the difference.
A duplicate NFT created with NMKR Studio is an NFT that has the exact same media and metadata, other than a slightly different Token Name and Display Name (Numbering / Serialization).
In this context, Duplicate NFTs would be the addition of a Serial Number associated with what would technically otherwise be a fungible Token. Because they have a serial number, it is possible for a person to say that they hold 'item number 6127' or that they want to purchase 'item number 777'. This minor difference is what makes the tokens Non-Fungible (although in a sense, you could argue that these are almost 'semi-NFT's').
