What are the features of extremely fungible tokens?

What are extremely fungible tokens?

Some of the popular extremely fungible tokens are given below:

  • The Otama collection
  • Lil Sweater lads
  • Nybbles and bytes
  • Elven Girls
  • Pompa Bears
  • Pixel Slimes
  • Toxic Shrooms
  • Dapper penguins
  • NFBees
  • Gneat Gnomes
  • Robot buddies
  • Pocket planets
  • Dafuq Barosh
  • Pixelpeeps

What are the features of extremely fungible tokens?

  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.
  6. NFTs are not widely understood, and the potential buyers are small as the NFT prices can be highly volatile.
  7. NFTs do not offer much income return to the original artists since they are highly volatile. Banking on such expectations cannot always be a success.
  8. NFTs can perpetrate fraud as many artists’ unique works are copied online without their consent which indirectly violates the basic idea of creating NFTs.

Concluding thoughts

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