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nonfungible

nonfungible

9.3
Not replaceable because it is one of a kind
  • adjective
  • /nɒnˈfʌndʒəbl/
  • Jargon
translation icon : no fungible
  • In the world of cryptocurrency, many collectors are attracted to nonfungible tokens representing unique art pieces.

Examples

  • Unlike traditional currency, digital art can be classified as nonfungible because each piece has its own distinct value.

  • Because so much international aid to Pakistan has been diverted through corruption, both public and private assistance should come in the form of relatively nonfungible goods and services: books, buildings, teachers, and training, rather than money.

    Academic text (2000)
  • The concept of nonfungible assets has gained popularity, as it highlights items that cannot be easily exchanged for one another.

Synonyms

irreplaceable
vsnonfungible
32 6.4

So special or valuable that you cannot get another one

is about being one of a kind so it cannot be swapped for others
unexchangeable
vsnonfungible
1 7.3

You cannot return or change it after you buy it

is about inherent uniqueness preventing substitution rather than rules or permission
noninterchangeable
vsnonfungible
8.6

You cannot swap them without changing the meaning or how they work

is about uniqueness that stops items being substituted for one another
unreplaceable
vsnonfungible
6.6

Not able to be made again if lost or damaged

is about uniqueness that makes fair exchange for another impossible
unconvertible
vsnonfungible
  • Specialized
8.6

You cannot exchange it for another currency or asset

is about unique identity blocking equal substitution rather than monetary conversion
inconvertible
vsnonfungible
  • Specialized
9.9

You cannot exchange it for another currency

is about unique physical or digital traits stopping fair exchange, not just currency limits

Antonyms

fungible
  • Specialized
5 9.2

Can be exchanged for another item of the same type, like a gold bar

How Fungible

fungible
  • Specialized
5 9.2
nonfungible
  • Jargon
9.3
unique
3.5

Surface Forms

nonfungible positive

Morphology

nonfungible = fungible (transparent) = non + fungible

Formed by the productive prefix 'non-' (not) attached to the adjective 'fungible', so the meaning 'not fungible' is directly derived; note that 'fungible' itself is a technical/low-frequency term for many learners.

Etymology

Nonfungible is made of non- meaning 'not' and fungible meaning 'exchangeable' or 'replaceable', like money or identical goods you can swap. So a nonfungible item is 'not exchangeable' and cannot be simply replaced by another, which is why the word is used for unique digital tokens or pieces of art.