{"id":36702,"date":"2021-04-23T10:46:01","date_gmt":"2021-04-23T10:46:01","guid":{"rendered":"https:\/\/www.vmengine.net\/2021\/04\/23\/not-fungible-token-speculative-bubble-or-future-of-intellectual-property-rights\/"},"modified":"2025-05-23T17:29:29","modified_gmt":"2025-05-23T17:29:29","slug":"not-fungible-token-speculative-bubble-or-future-of-intellectual-property-rights","status":"publish","type":"post","link":"http:\/\/temp_new.vmenginelab.com\/en\/2021\/04\/23\/not-fungible-token-speculative-bubble-or-future-of-intellectual-property-rights\/","title":{"rendered":"NOT FUNGIBLE TOKEN: speculative bubble or future of intellectual property rights?"},"content":{"rendered":"
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There’s a lot of talk about it, but do we really know what it’s all about? <\/div>\n<\/p><\/div>\n
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What’s this about?<\/strong><\/p>\n

To define NOT FUNGIBLE TOKENS, it is first worth taking a short step back and defining what a FUNGIBLE TOKEN is, or rather what is “fungible”.
Fungible things<\/a> are taken into consideration for the characteristic of being considered by weight or measure (100 kg. of grain), and also from this point of view they can be distinguished from generic things where reference is made to the way in which the parties decide to define the thing, whether it belongs to a genus or not.<\/em>
Accordingly…. Non-fungible tokens or NFTs<\/a>are cryptographic assets on the blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or traded at equivalence. This differs from fungible tokens such as cryptocurrencies, which are identical to each other and, therefore, can be used as a medium for business transactions.<\/em><\/p>\n

An NFT is in fact the evolution of a tangible asset, the unique digital assets that distinguish it allow those who use them to be the true owner. There are three characteristics of an NFT:<\/p>\n