<\/span><\/h4>\n\n\n\nSome tokens are fungible, or having an equal value, easily divided, and swapped for one another. Some tokens are non fungible token types, meaning that the NFT cannot be replaced, there is not another of its kind, and there is only one true owner. But, what is a semi fungible token?<\/p>\n\n\n\n
As the name may imply, these tokens take into consideration functions from both a fungible token and an non fungible token. Because the ERC 1155 can interact with either token, fungible or non fungible, it allows for traits of both token types to be combined into a new, unique token: the semi fungible token.<\/p>\n\n\n\n
These semi fungible tokens are able to use the “best of both worlds” and are still very new to the scene. Generally speaking, the tokens begin as a fungible token, being able to be exchanged and used of its value. Once it has been used, it transfers more into the behaviors of an NFT, meaning the tracking, ownership, and accuracy still remain intact.<\/p>\n\n\n\n
These semi fungible tokens, or SFTs, are able to be moved amongst the NFT circles, as well as the cryptocurrency platforms. In addition to being able to interact with multiple token types, the ERC 1155 also allows for a combination of the two to exist.<\/p>\n\n\n\n
<\/span>More To Come Ahead<\/span><\/h2>\n\n\n\nWhile no one knows what the future holds, one thing is certain: the online universe created with the Ethereum platform is an ever-changing and always advancing space. New EIPs, ERCs and developer-created fixes are being created each and every day. And, that is what makes the space so exciting.<\/p>\n\n\n\n
There are certainly techies that are just now getting into the game, that have so much to offer this vast world. Online exchanges of digital assets are still in the infancy stages, and, just like that adorable baby, are bound to grow and change. (They’re also bound to cause tears all night, make you want to rip your hair out, and the next minute love them.)<\/p>\n\n\n\n
Staying attuned to these updates is a key component to understanding this tech, and with it platforms such as Ethereum. It was not so long ago that none of these advancements existed at all, so it is not so hard to understand that there is plenty more to come.<\/p>\n\n\n