What are non-fungible tokens and extremely fungible tokens?

Nonfungible tokens can be defined as cryptographic assets with unique identification codes which are built on blockchain.NFTs represent real-world assets such as real estate and artwork and these cannot be replicated. Since they are based on blockchain technology they can be used to remove intermediaries and connect different artists with audiences or for identity management.NFTs also help in simplifying transactions and creating new markets.

Extremely Fungible tokens on the other hand are the extreme opposite of Nonfungible tokens. It was created by ThereallySullyG as an anti-NFT movement and they provide a very basic website. Extremely fungible tokens are identical and are not unique also they can be copied, shared, and used by different users and artists apart from their owners. Now let us learn the difference between Extremely fungible tokens Vs nonfungible tokens.

Difference between extremely fungible tokensVs Nonfungible tokens.

Extremely fungible token

1. It is a movement and not an existing technology
2. It is not unique and easily replicable.
3. They can be copied and shared
4. They can prevent fraud as artworks can be copied and replicated
5. They prevent environmental damage

Non Fungible tokens

1. They are cryptographic assets that are based on blockchain technology.
2. They are unique and irreplaceable.
3. They cannot be copied or shared.
4. They can be subjected to fraud as many people copy the same artwork online which was earlier bought by users for millions.
5. They can cause environmental damage as the creation of every unique NFT token requires energy which can ruin the environment in the long run.

We all know that blockchain is the ideal technology for managing digital assets. NFTs serve as an authenticity certificate to show one-of-a-kind and non-interchangeable digital assets. Extremely fungible tokens, on the contrary, are a movement organized by the people who have concerns over the working of the NFTs. EFTs were created to support this anti-NFT movement.

Concluding thoughts

Though the EFT movement can be fun, NFTs are more reliable as they are unique, irreplaceable, and non-interchangeable. EFTs are also a kind of investment, and we should look at them with speculation as they have higher risk factors. Since these tokens are newbies in digital assets, the need for extremely fungible tokens for long-term value is still unknown. Still, you can invest in extremely fungible assets with proper research, as the digital market is highly volatile. As the world becomes increasingly digitized, NFTs can represent a viable solution for tokenizing ownership and property. Determining the future of the entire extremely fungible token Vs nonfungible token market entirely depends on the people’s interest in this sector. But at the end of the day, it should be your call with proper investment research.

What are non-fungible tokens and extremely fungible tokens?

Nonfungible tokens can be defined as cryptographic assets with unique identification codes which are built on blockchain.NFTs represent real-world assets such as real estate and artwork and these cannot be replicated. Since they are based on blockchain technology they can be used to remove intermediaries and connect different artists with audiences or for identity management.NFTs also help in simplifying transactions and creating new markets.

Extremely Fungible tokens on the other hand are the extreme opposite of Nonfungible tokens. It was created by ThereallySullyG as an anti-NFT movement and they provide a very basic website. Extremely fungible tokens are identical and are not unique also they can be copied, shared, and used by different users and artists apart from their owners. Now let us learn the difference between Extremely fungible tokens Vs nonfungible tokens.

Difference between extremely fungible tokensVs Nonfungible tokens.

Extremely fungible token

1. It is a movement and not an existing technology
2. It is not unique and easily replicable.
3. They can be copied and shared
4. They can prevent fraud as artworks can be copied and replicated
5. They prevent environmental damage

Non Fungible tokens

1. They are cryptographic assets that are based on blockchain technology.
2. They are unique and irreplaceable.
3. They cannot be copied or shared.
4. They can be subjected to fraud as many people copy the same artwork online which was earlier bought by users for millions.
5. They can cause environmental damage as the creation of every unique NFT token requires energy which can ruin the environment in the long run.

We all know that blockchain is the ideal technology for managing digital assets. NFTs serve as an authenticity certificate to show one-of-a-kind and non-interchangeable digital assets. Extremely fungible tokens, on the contrary, are a movement organized by the people who have concerns over the working of the NFTs. EFTs were created to support this anti-NFT movement.

Concluding thoughts

Though the EFT movement can be fun, NFTs are more reliable as they are unique, irreplaceable, and non-interchangeable. EFTs are also a kind of investment, and we should look at them with speculation as they have higher risk factors. Since these tokens are newbies in digital assets, the need for extremely fungible tokens for long-term value is still unknown. Still, you can invest in extremely fungible assets with proper research, as the digital market is highly volatile. As the world becomes increasingly digitized, NFTs can represent a viable solution for tokenizing ownership and property. Determining the future of the entire extremely fungible token Vs nonfungible token market entirely depends on the people’s interest in this sector. But at the end of the day, it should be your call with proper investment research.