It only matters how many of them you have. Each Bitcoin is equal to every other Bitcoin. So they are non-fungible, not interchangeable.īitcoin is an example of a fungible token. But what if we had trading cards? If I had just some unknown rookie baseball player and you had a Babe Ruth, it would not be an equal swap. What’s the difference between a non-fungible token and a fungible token?Īdam Goad: A fungible token means that each of these tokens can be interchanged. People are selling pictures on the internet using a non-fungible token. And they’re going to try to sell me on non fungible tokens here, or at least explain it to me to the point where I have an understanding. Web3, which uses distributed computing, is the tool that’s used in so-called non fungible tokens - stuff that I don’t understand. Austin Egbert both at Baylor University about Web3. Marks: We have been talking to Adam Goad and Dr. A partial transcript, notes, and Additional Resources follow.
What’s worth knowing about this burgeoning digital world? Here are Bob, Adam, and Austin again in Episode 2, What are NFTs?, Part 1: Marks and computer engineering grad students Adam Goad and Austin Egbert ( here and here), the discussion started with the projected metaverse and slowly turned to the wild world of cryptocurrencies and non-fungible tokens - like Twitter founder Jack Dorsey’s first tweet. In the first episode of the discussion between computer engineering prof Robert J. Share Facebook Twitter Print arroba Email
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