What are extremely fungible tokens?
Extremely fungible tokens were created as an anti-NFT movement by ThereallysullyG, and it provides an elementary website to the users.NFT tokens are one-of-a-kind non-interchangeable digital assets based on blockchain; however, EFTs are identical, one of a kind, and the tokens that can be copied, shared, and used by different users and artists apart from their users. There are many popular, extremely fungible tokens available in the market; let us look at them.
Why are extremely fungible tokens becoming popular?
Nonfungible tokens have gained viral popularity as their projects, such as Ape Yacht club and Cryptopunks, are worth millions; however, NFT tokens have met with a fair share of distaste due to their alleged environmental impact and NFT scams. A Popular extremely fungible tokens of NFT projects is ‘PFPs,’ or profile pictures, which are commonly used by buyers as their display pictures on social media platforms like Twitter and Instagram. However, ‘Extremely Fungible Tokens’ have gone viral on Twitter and are looking to provide similar style PFPs without having to support NFT projects. The primary concerns over non-fungible tokens, forced to look into the need for extremely fungible tokens and they as are follows.
- NFTs are not widely understood, and the potential buyers are small as the NFT prices can be highly volatile.
- NFTs do not offer much income return to the original artists since they are highly volatile. Banking on such expectations cannot always be a success.
- NFTs can perpetrate fraud as many artists’ unique works are copied online without their consent which indirectly violates the basic idea of creating NFTs.
Popular extremely fungible tokens
The need for Extremely fungible tokens lead to the introduction of some recent EFTs which are listed below:
- The Otama collection
- Lil Sweater lads
- Nybbles and bytes
- Elven Girls
- Pompa Bears
- Pixel Slimes
- Toxic Shrooms
- Dapper penguins
- NFBees
- Gneat Gnomes
- Robot buddies
- Pocket planets
- Dafuq Barosh
- Pixelpeeps
As soon as you open an EFT project page you are given details about the artists’ details so that the fans are able to support the artist creating it.
Concluding thoughts
Though the EFT movement can be fun, NFTs are more reliable as they are unique, irreplaceable, and non-interchangeable. Popular extremely fungible tokens are also a kind of investment, and we should look at them with speculation as they have higher risk factors. Since these tokens are newbies in digital assets, the need for extremely fungible tokens for long-term value is still unknown. Still, you can invest in popular extremely fungible tokens with proper research, as the digital market is highly volatile. But at the end of the day, it should be your call with proper investment research.