![]() The Mona Lisa is therefore non-fungible because even identical paintings of the Mona Lisa are not considered equal in value to it.Ī non-fungible token is a digital version of this idea. The Mona Lisa is a unique painting created by Leonardo da Vinci and is considered a priceless work of art a poster of the Mona Lisa is a cheap, mass-produced item. For example, if I offered the Louvre my poster of the Mona Lisa for their Mona Lisa painting, they would have security throw me out. ![]() So, if something is non-fungible, it is not worth the same as something that is identical or similar to it. A $5 bill is fungible because it is worth exactly the same as any other $5 bill. NFT is an acronym for “non-fungible token.” Fungible is an English word that means “being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind.” To give an example, if I trade you my $5 bill for your $5 bill, nobody made a profit.
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