What are Tokens?
As we explained in the previous video, tokens are digital assets created and transferred on the blockchain network. There are two types of tokens: fungible tokens and non-fungible tokens.
Fungible assets are interchangeable and can be swapped with other fungible tokens.
Some real-life examples are Euros, INR, and Dollars. Each of these currencies can be exchanged for one another, making them fungible. The same applies to fungible tokens.
Non-fungible assets are unique assets that cannot be interchanged for one another.
For example, you may have two cupcakes of the same flavor made at two different bakeries, but they would still not be the same since there is a unique aspect associated with the owner/creator of the cupcake.
Non-Fungible Tokens
Non-fungible tokens are unique digital assets whose ownership and transfer can be recorded on the blockchain. Examples of digital assets can be images, domains, and any unique digital assets that can be recorded on the blockchain.
As this video showed, Metaplex protocol is also an essential NFT ecosystem for marketplaces, games, arts and collectibles on Solana.
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