1 definition by Fungygames

When something is 'fungible' as opposed to 'non-fungible'. Meaning it exists in the physical space.
You can buy an NFT of a Ferrari for $150,000, and if you choose to, you can burn the NFT and receive the car. This transitions from a non-fungible asset into a fungible one.
"My Ferrari's is now fungy yo!"
by Fungygames November 4, 2022
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