Fungibility implies equal value between the asset. Fungibility is the ability of a good or asset to be readily interchanged for another of like kind.
Non-fungible (NFTs) can be traded and exchanged for money, cryptocurrencies, or other NFTs—it all depends on the value the market and owners have placed on them. NFTs can represent digital or real-world items like artwork and real estate. “Tokenizing” these real-world tangible assets makes buying, selling, and trading them more efficient while reducing the probability of fraud. NFTs can represent individuals’ identities, property rights, and more.
The bottom line says that non-fungible tokens represent an evolution of the relatively simple concept of cryptocurrencies. By enabling digital representations of assets, NFTs are a step forward in the reinvention of this infrastructure.
|-data cited from Investopedia
Study as well the article “The Integration Of The Individual Into Nature’s Single System“