nonfungible Definition
- 1not able to be replaced or exchanged with something else
- 2unique and not interchangeable
Using nonfungible: Examples
Take a moment to familiarize yourself with how "nonfungible" can be used in various situations through the following examples!
Example
The painting is nonfungible because it is one-of-a-kind.
Example
The value of nonfungible tokens has skyrocketed in recent years.
Example
Each person's DNA is nonfungible and unique.
Example
The sentimental value of the family heirloom is nonfungible.
nonfungible Synonyms and Antonyms
Synonyms for nonfungible
- distinctive
- inimitable
- irreplaceable
- singular
- one-of-a-kind
Antonyms for nonfungible
Phrases with nonfungible
an asset that is unique and not interchangeable, such as a piece of art or real estate
Example
Investors are increasingly interested in nonfungible assets like rare collectibles and vintage cars.
a type of digital asset that represents ownership of a unique item or piece of content, often used in blockchain technology
Example
The sale of a nonfungible token for a digital artwork set a new record for the most expensive NFT ever sold.
goods that are unique and not interchangeable, such as antiques or handmade crafts
Example
The market for nonfungible goods has grown significantly in recent years due to increased interest in artisanal products.
Summary: nonfungible in Brief
The term 'nonfungible' [non-fuhn-juh-buhl] refers to something that is unique and cannot be replaced or exchanged with something else. It is often used to describe assets like art, real estate, and digital content, as well as personal items like family heirlooms and DNA. 'Nonfungible' has become increasingly popular in the context of blockchain technology and NFTs, which represent ownership of unique digital assets.
