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The post popular NFTs and NFT marketplaces
At the end of the day, NFTs to me personally is the tokenization of everything so we have fungible tokens and we have non-fungible tokens fungible tokens if we come down to the bottom are our typical ERC 20 tokens or an ethereum token standard that allows for interchangeable tokens that are uniform. They're divisible.
Learn more about fungibility here:
Non-fungible tokens our main standard is ERC 721. It's a new standard on ethereum that gives the possibility to issue unique non-fungible tokens so non-fungible tokens cannot be replaced with another token of the same type.
So you cannot exchange your birth certificate for the birth certificate of another person. They're non-fungible; they are unique and non-divisible so that's the kind of baseline here for NFTs.