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Many leaders choose team members purely on the basis of functional skill — treating them, essentially, as fungible assets or the individual components of a machine.
We aren't exactly fungible assets.
Money and talent are fungible assets that flowed to the U.S. and specifically the Valley because that is where they were supported and rewarded.
It is widely accepted to the point that it has been incorporated in the Paris Climate Agreement, but it doesn't provide a way to turn the credits into what are called fungible assets, that is an easily tradable one.
SK: So they're not fungible assets?
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Nancy Etcoff, a psychologist and author of "Survival of the Prettiest", argues that "good looks are a woman's most fungible asset, exchangeable for social position, money, even love.
"The National Academy's actions violated one of our most core beliefs: that the collection is sacred and not a fungible asset," Ms. Feldman said.
Roden said Hardin, who has won acquittals for Warren Moon, Calvin Murphy and Wade Boggs and had provoked Anna Nicole Smith to curse at him from the witness stand, "is not a fungible asset".
That's the property line, and de Soto's suggestion that this be converted into a fungible asset called real estate, which can reliably support an ongoing mortgage and other forms of real credit is no longer either eccentric or unworkable.
Blockchain technology is useful for gamers thanks to the development of non-fungible assets (NFT).
Derivatives, security tokens, and non-fungible assets can all benefit from the transparency and trustless execution environment of distributed ledgers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com