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20.01 - 05:31
What semi-fungible tokens are and how they are different from NFTs
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cnbctv18.comA semi-fungible token (SFT) can change state from being fungible like a bitcoin to non-fungible like any NFT. Put simply, SFTs start as a fungible token and then transform into a non-fungible token.The NFT ecosystem has been evolving, especially in the past year. Data from NonFungible show NFT sales surged to over $2.4 billion in the first quarter of 2021 – 20 times more than the previous three months.
And as the year went on, NFTs showed no sign of stopping, with Ethereum-based NFT marketplace, OpenSea, getting a record high trading volume of $49 million on August 1st.This astounding growth of NFTs made the headway for semi-fungible tokens, an asset that traverses between the worlds of fungible and non-fungible assets. SFTs have a limited
. Read more on cnbctv18.comAbout this in other media
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Buy high, sell high: Custom pipe-maker to Snoop Dogg and Santana tokenizes bongs cointelegraph.com /2 years ago
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