Depending on the use, the fungibility of an asset may have several nuances. As seen previously in the chapter ‘What is an NFT’, there is a difference between a fungible asset and a non-fungible asset. Now, we would like to introduce the third type, ‘semi-fungible tokens’. Semi-Fungible Tokens (SFT) are intended to be mass-produced and consumed while keeping an identity of their own. Initially designed for video games, the concept of the SFT was created by Enjin when they offered the ERC-1155 standard on Ethereum.
To fully imagine how an SFT can be used, here are several use cases:
Depending on the needs, NFTs won’t always be the type of assets used and semi-fungible tokens might be preferred. Thanks to the ERC-1155 standard, an SFT makes it possible to distribute fungible and non-fungible assets within the same token.