The term "non-fungible assets" describes non-fungibility within a collection of similar assets being issued by a single party.
Non-fungible assets (NFAs) are different from NFTs in several important ways. The term describes non-fungibility within a collection of similar assets being issued by a single party. They differ from NFTs in two very important ways.
1. Only a single entity besides the issuer is allowed to hold units of this asset.
2. The identity of the entity that is associated with the asset cannot be changed. The asset and the identity of the entity for which it has been issued form an unbreakable bond.
Johannes Schweifer is the CEO of CoreLedger, a company empowering businesses of all sizes to access the benefits of blockchain technology. Schweifer co-founded several blockchain start-ups, including Bitcoin Suisse. He’s a passionate problem-solver, holding a master’s degree in Chemistry and a Ph.D. in distributed computing and quantum chemistry.
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