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The development speed of the blockchain world is overwhelming. Following Bitcoin and Ethereum, the emergence of NFTs has sparked the first wave of attention, and now the emerging token category—Semi-Fungible Tokens (SFT)—is vying for market focus. For many people, the concept of NFTs remains familiar, but the logic behind SFTs may still seem unfamiliar. This article will delve into the fundamental differences between these two types of tokens and how they are changing the future of digital assets.
Starting with the basic concepts of fungibility and non-fungibility
To truly understand NFTs and SFTs, it is essential to grasp the core concept of asset fungibility.
Fungible assets are assets that can be exchanged without difference on a 1:1 basis. The most straightforward example is fiat currency. A 100 yuan banknote in your hand, whether brand new or wrinkled, has the same value and can be seamlessly exchanged for someone else's 100 yuan. Cryptocurrency also falls into this category—a single Bitcoin

The smartphone has become more than just a communication device—it's now a potential income generator in the crypto world. With over 80% of the global population owning a smartphone and mobile crypto mining experiencing explosive 300% year-over-year growth, the barrier to entry into cryptocurrency h

In the world of crypto asset trading, many beginners first think of buying low and selling high. But what if I told you there are more ways to profit? In fact, cryptocurrency trading offers a rich variety of profit mechanisms. If you're interested in crypto exchange arbitrage but find yourself confused by various trading terms and risk management strategies, then cross-exchange arbitrage strategies are worth your in-depth understanding.
What is crypto arbitrage trading?
Arbitrage trading essentially is a strategy to profit from price differences of the same asset across different markets. Due to supply and demand differences, the price of the same crypto asset often fluctuates across various exchanges. These price differences provide traders with an opportunity: buy at a lower price in one market and sell at a higher price in another, gaining low-risk profits.
Unlike traditional trading, arbitrage trading does not require you to master complex technical analysis.

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