There are two main categories of tokens: fungible and non-fungible (or NFT).

Fungible tokens are interchangeable and exchangeable with other identical tokens according to their corresponding value; therefore, they work exactly like fiat currencies.

For example, a certain amount of Bitcoin can be exchanged for other cryptocurrencies, just like a $50 bill can be exchanged for other bills whose sum is always $50.

Non-fungible tokens or NFTs, on the other hand, are not interchangeable or tradable. They are unique and indivisible tokens that cannot be divided or changed using tokens of the same type.

They are a type of digital asset that represents ownership of a unique item or piece of content, such as a digital artwork or collectible. They are built on blockchain technology, which allows for the creation of unique, one-of-a-kind assets that can be bought, sold, and traded like physical assets.

An example is Crypto Kitties, a well-known token among non-fungible tokens.

Another fundamental difference between these two types of tokens lies in the fact that fungible tokens, in addition to being similar to each other, can also be divided into units of lower value.

At the same time, NFTs are indivisible and unique: no NFT is identical to another NFT.

In the context of the Dexagon Metaverse, NFTs can be used to represent virtual land lots. These land lots can be used to build and develop virtual worlds, and the use of NFTs allows for the ownership and trading of these virtual land lots. This creates a new economy within the metaverse, where individuals can buy, sell and trade virtual land.

Additionally, NFTs can be used to represent other virtual assets within the Dexagon Metaverse, such as in-game items, digital art, and collectibles. This allows for a greater range of activities and options for users within the metaverse, as they can not only explore and interact with the virtual world but also own and trade virtual assets.

NFTs are perfect for the Dexagon Metaverse, especially for virtual land lots, because they provide a way to create and own unique, virtual assets within the metaverse, and also provide a way to prove ownership and authenticity of virtual assets, which can help to prevent fraud and protect the value of the assets.