What are the differences between Fungible Tokens and Non Fungible Tokens?

[Suba]

Fungible tokens are another term for crypto in the form of coins or tokens that have value and can be exchanged, while non-fungible tokens are digital assets that represent goods or art whose value is difficult to measure and cannot be exchanged.
Besides fungible tokens that can be exchanged and can also be divided into smaller units such as satoshis, Bitcoin prices will not differ much on any exchange, while NFT prices will be different for each buyer.

 

[monster_masterpiece]

Each token needs in other terms a specific exchange where you do the exchange. Most of exchanges like Gate IO or Binance or Kraken or Kucoin have included this web 3 part.

 

[Suba]

Fungible tokens can also be used as a medium of exchange, both online and offline. We can also use fungible tokens as investment instruments because they have a market price. Meanwhile, non-fungible tokens are more about art and intellectual property rights, such as diplomas, photos, paintings, etc.

 

[Stardom22]

For me l think that l have never interacted with the non fungible tokens before. However l have only dealt with some fungible tokens for sure.