Understanding Different Types of Crypto Tokens: Fungible vs. Non-Fungible Crypto tokens come in two main types: fungible and non-fungible. Each serves a different purpose in the crypto world. Fungible tokens are identical and interchangeable. One Bitcoin equals another Bitcoin. They are used for payments, trading, and value storage. Tokens like Bitcoin, Ethereum, and other ERC-20 tokens are examples of fungible assets. Non-fungible tokens (NFTs), however, are unique. Each NFT has distinct information that sets it apart. These tokens represent ownership of digital assets like art, music, and virtual land. NFTs cannot be traded one-to-one like fungible tokens. If you're interested in creating either type, a crypto token development company can help you design, develop, and launch tokens suited to your needs. Whether you want to build a payment token or create unique NFTs, understanding these two token types is crucial. By partnering with experts, you can ensure your token project fits the current market and stands out in a crowded space. For more information visit our website at https://wisewaytec.com/cryptocurrency-token-development-company/ now.