# What is the non-fungible tokens

**Published by:** [likerogue](https://paragraph.com/@likerogue/)
**Published on:** 2021-10-21
**URL:** https://paragraph.com/@likerogue/what-is-the-non-fungible-tokens

## Content

Think about it this way: if bitcoin tokens are like blockchain-verified dollar bills, then NFTs are like blockchain-verified artworks. No one cares which particular five dollar bill they own, since all five dollar bills hold the same value and are therefore interchangeable, but we’d sure care which particular piece of artwork we own, since different artwork has drastically different value, both monetarily and artistically. So, during the encryption process, each NFT is assigned a digital hash that distinguishes it from every other NFT of its kind. They are like snowflakes, each one unique in its own way.

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