A fungible token is a type of digital asset that can be easily exchanged for another token of the same kind. This means that each unit of a fungible token has the same value and characteristics as every other unit. For example, one Bitcoin is always equal in value to another Bitcoin. This interchangeability makes fungible tokens ideal for use as currency, allowing for seamless transactions between users.Fungible tokens are often represented on blockchain platforms and are used for various purposes, including trading and investment. They can also serve as a medium of exchange for goods and services.In contrast, non-fungible tokens (NFTs) are unique and cannot be exchanged on a one-to-one basis because each has distinct properties. This difference is key to understanding how fungible tokens function within the broader landscape of digital assets.