What does nonfungible mean? To fully appreciate what makes these tokens special, it’s worth taking a look at the difference between “fungible” and “nonfungible.” When something is fungible, in this case a token, it means it can be easily replaced by something identical – and it is interchangeable with ease. Real world examples of something fungible could include grains of rice, or the $1 bank note in your pocket. If you were to lend that $1 to someone, it wouldn’t matter if they didn’t return the exact same one. This all changes when something is nonfungible. Although two items may …

Electronics giant HTC will not be releasing a smartphone with a native blockchain network for crypto trading between users as previously announced, The Verge reported July 10. Instead, the company will introduce a smartphone containing a cryptocurrency wallet and CryptoKitties, the Ethereum-based decentralized application (DApp) game. On May 15, the Taiwan-based electronics firm had first unveiled its blockchain smartphone project, the HTC Exodus, that would reportedly include support for both the Bitcoin (BTC) and Ethereum (ETH) networks. The Verge wrote in May that the company planned on creating a product with “a native blockchain network that uses Exodus phones as …