BusinessAugust 16, 2026

nonfungible

non-FUN-juh-bul

Definition

Describes an asset that is unique and cannot be directly replaced or exchanged for an identical item, typically used in the context of digital tokens.

Etymology

Derived from the Latin 'fungi,' meaning to perform or enjoy, combined with the prefix 'non-'. In legal and financial terms, a 'fungible' item is interchangeable with another, making 'nonfungible' unique.

In the news

The article uses the term to describe the type of marketplace OpenRouter's CEO previously founded, characterizing nonfungible tokens as distinct from interchangeable digital assets.

Stripe clinches over US$7 billion deal to buy AI firm OpenRouter

Read the full article ↗

The Business Times

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