The Concept of Fungibility through a Very Short Story !! By Dinesh K Kapila I was asked about this recently. On a social media platform for professionals. By a young lady who had just completed her BTech and was preparing for an examination. I just gave a standard sort of answer but found a few others added their bit. It was also like the concept of fungibility was now evolving. And NFTs were in and what was not. We just did not get into the practical side of it. A finer understanding would come from that only. Simply put, Fungible assets are interchangeable, Fungibility refers to the ability of an asset or good to be interchanged with other assets or goods of the same type. Fungibility implies the same value between assets, as a result, fungible assets simplify the trade and exchange process. Fungibility is the idea that units of money are interchangeable and can be substituted for one another. It's a key principle in economics and is based on the assumption that the value of...
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