Fungible [fuhn-juh-buh l] – adjective(especially of goods) being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind.Source: dictionary.com
Non-fungible tokens (or “NFT”s) are a special class of assets on the blockchain characterized by being unique and non-interchangeable with one another for equal value.
An NFT is different from a cryptocurrency in that it is defined by metadata that builds-in a role, function, and value that are unique to it. Specifically, a non-fungible token can be a video game asset, a work of art, a collectible card or image, or any other “unique” object stored and managed on a Blockchain.
Non-fungible tokens can be traded on marketplaces (eg: OpenSea) like any other asset.
If you want to know more about this notion of non-fungible tokens, we invite you to read our article on the concept of “fungibility” to give you a better understanding: Why most of the definitions of “non-fungible” are incorrect
At NonFungible.com, we strive to provide consistent and usable experience for digital asset (NFT) markets, valuations, and up to date news and reviews of various projects.
The creation of non-fungible tokens using blockchain technology allowed the emergence of new markets for provable ownership of digital assets. These markets, like the cryptocurrency markets, are highly speculative. However, there was no tool to monitor the evolution or trends of these markets. Users, buyers, and players had no way to know the estimate “blue book” value of an asset or whether there was adequate liquidity to realize their earning potential.
NonFungible.com was launched in February 2018, initially to track real-time transactions of Decentraland. The project has evolved and gradually grown and is today one of the pillars of the non-fungible token ecosystem.
Initiated by Daniel Kelly (dafky2000) and Gauthier Zuppinger (Zoup) with the purpose of creating the link between the different communities of the ecosystem, and to provide support and service to both project leaders and consumers of non-fungible token products.
The fastest and most advanced Ethereum client. We utilize parity to sync and scan the Ethereum blockchain.
The most inclusive and comprehensive cryptocurrency market capitalization provider. All our crypto-currency USD conversion Data is provided by CoinGecko APIs.
The best marketplace for non-fungible tokens and developer API endpoints. We use OpenSea’s Asset API endpoints to retrieve metadata for projects who do not provide their own.
The most comprehensive and complete Ethereum blockchain explorer and developer API endpoints. We use Etherscan’s contract ABI API as a backup source for our NFT Radar.
Feel free to reach out if you have something to share with us 🙂
Dan & Zoup