Fungible and non-fungible assets is an important concept in building blockchain applications, especially when it comes to representation of security tokens.
So, how different they are from each other? Not so much yet very different.
When you and me both have MYR100 and we exchange them, we usually do not mind as they have the same value and by exchanging mine with yours won’t hinder me from getting any thing that worth MYR100 with either of those notes. The MYR100 are fungible assets.
While we both hold a passport and we exchange them, even if we don not mind, the customs of any country would not like it, as they represent a different individuals. The passports are non-fungible assets.
Another example. A concert ticket seller wants to tokenise his concert tickets. If it is a free-seating or a lawn concert, he needs to know only how many tickets he sold, he can create fungible assets to represent the concert tickets.
If it is a concert with numbered seating and tiered pricing, each ticket would be unique by itself and the seller needs to create non-fungible assets to represent his tickets to be sold.
So, what kind of assets you need?
