Fungible Standards™


Fungible Token and Non-Fungible Token (FT-NFT™; FTNFT™)

Fungible Service and Non-Fungible Service (FS-NFS; FSNFS™)

Earth-Metaverse Trademark: FSTNFST™

Learning, Education, Training (LET), Accreditation and Registration (LETTAR™) and Commercial Standards, Systems, Technology, Goods (Wares/Products) and Services (Methods/Processes)

www.FungibleStandard.org / www.FungibleStandards.org

A MQCC®

FATHER OF FSTNFST™

Education Initiative

for

Fungible and Non-Fungible Services & Tokens


Welcome to the Metaverse; The Accredited Class® Metaverse.

April 9, 2005 - 2022+

Welcome to MQCC™ FungibleStandards.org™ - Home to the world-wide trusted source for authoritative knowledge on matters of fungible nature and non-fungible nature. An initiative of MQCC Bungay International (MQCC™)

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MQCC™ Fungible Standards™ is home to:

MQCC® FST-NFST™ Fungible Service and Tokens; NonFungible Service and Tokens (FSTNFST™) Metaverse Entity Standards MES™

BITFNFT.com - the world's most trusted non-fungible token and fungible token proof of ownership and escrow, trust service built on Bungay International Technology (BIT™)

FNFTitleDeed.com - the world's most trusted fungible and non-fungible token proof of ownership and deed, title and deed service.

FNFTsandBox.com - the world's most trusted non-fungible token and fungible toke creation and testing environment.

Authoritative Definitions

What does Fungible mean?

fungible adjective

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fun·​gi·​ble | \ ˈfən-jə-bəl \

Definition of fungible (Entry 1 of 2)

1

: being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account

Oil, wheat, and lumber are fungible commodities.

fungible goods

Source: https://www.merriam-webster.com/dictionary/fungible

URL to this MQCC Definition®

What does Non-Fungible mean?

nonfungible

adjective ( also non-fungible)

UK /ˌnɒnˈfʌndʒəbl/ US

LAW, FINANCE, COMMERCE

not easy to exchange or mix with other similar goods or assets:

non-fungible property/assets/funds

Source: https://dictionary.cambridge.org/dictionary/english/nonfungible

URL to this MQCC Definition®

What does Token mean?

token noun

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to·​ken | \ ˈtō-kən \

Definition of token (Entry 1 of 2)

1

a

: a piece resembling a coin issued for use (as for fare on a bus) by a particular group on specified terms

b

: a piece resembling a coin issued as money by some person or body other than a de jure government

c

: a unit of a cryptocurrency

Bitcoin tokens

Source: https://www.merriam-webster.com/dictionary/token

URL to this MQCC Definition®

What does Service mean?

service noun (1)

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ser·​vice | \ ˈsər-vəs \

Definition of service (Entry 1 of 5)

1

a

: the occupation or function of serving

in active service

b

: employment as a servant

entered his service

2

a

: the work performed by one that serves

good service

b

: HELP, USE, BENEFIT

glad to be of service

c

: contribution to the welfare of others

d

: disposal for use

I'm entirely at your service

3

a

: a form followed in worship or in a religious ceremony

the burial service

b

: a meeting for worship —often used in plural

held evening services

4

: the act of serving: such as

a

: a helpful act

did him a service

b

: useful labor that does not produce a tangible commodity —usually used in plural

charge for professional services

c

: SERVE


Source: https://www.merriam-webster.com/dictionary/service

URL to this MQCC Definition®

What does Fungible Service mean?

fungible service noun


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fun·​gi·​ble | \ ˈfən-jə-bəl \ ser·​vice | \ ˈsər-vəs \

Definition of fungible service

1

a

: being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another [interchangeable] equal part or quantity in paying a debt or settling an account and represented digitally by computer code.

MQCC® Example: Let's use the service knowns as 'Title Insurance' (or any insurance)

  • (2) "insurance" is more or less a fungible service (that is to say, that all things being equal, one title insurer service provider is interchangeable with another title insurance service provider; the distinction that distinguishes a fungible service provider from a "nonfungible service" provider is the "Standard of Quality", and specifically, if the standard of quality provided is measurable and accredited, which means does the standard of quality conform to consensus standards established by the Federal Government on a "national standards basis").

Source: A. K. (Anoop) Bungay; Founder of MQCC™ (www.mqcc.org)

URL to this MQCC Definition®

What does Fungible Token mean?

fungible token noun


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fun·​gi·​ble | \ ˈfən-jə-bəl \ to·​ken | \ ˈtō-kən \

Definition of fungible token

1

a

: being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another [interchangeable] equal part or quantity in paying a debt or settling an account and represented digitally by computer code.

Source: A. K. (Anoop) Bungay; Founder of MQCC™ (www.mqcc.org)

URL to this MQCC Definition®

What does NonFungible Token mean?

nonfungible token noun


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non fun·​gi·​ble | \ˌnɒnˈ ˈfən-jə-bəl \ to·​ken | \ ˈtō-kən \

Definition of nonfungible token

1

a

: being something (such as money or a commodity) of such a nature that one part or quantity may not be replaced by another equal part or quantity in paying a debt or settling an account and represented electronically by code (piece of program text expressed in a programming language or in a form produced by an assembler, compiler, or other translator. term and definition standardized by ISO/IEC [ISO/IEC 2382-7:2000].)

Source: A. K. (Anoop) Bungay; Founder of MQCC™ (www.mqcc.org)

URL to this MQCC Definition®

What does a Fungible or NonFungible Token Do; What is the Nature, Quality, Character, Purpose, Feature, Extent or Function?

FUNGIBLE to obtain information (ingress function)

NONFUNGIBLE to distribute information (egress function)


Source: A. K. (Anoop) Bungay; Founder of MQCC™ (www.mqcc.org)

URL to this MQCC Definition®

MQCC™ Fungible Standards™

This website is designed to help:

  • Government

  • Regulators

  • Industry

  • Investors/Advisors/Lawyers/Business Persons

  • Companies/Organizations

  • Consumers

  • Academics

  • Researchers

  • Scientists

  • Students

To better understand the:

  • origins

  • nature

  • quality

  • character/characteristics

  • commercial application

  • standards

In matters related to:

  1. Fungible Items of a commercial or non-commercial nature; ie: Tokens (FT)

  2. Non-Fungible Items of a commercial or non-commercial nature;; ie: NonFungible Tokens (NFT)

Who is MQCC™?

MQCC™ (www.mqcc.org) is the Global Network Administrator GNA™ (country.mqcc.org) for the Bungay International Technology (BIT™) brand Conformity of Organization and Individuals Network (COIN™)

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Fungible and Non-Fungible Token Sandbox™

Visit MQCC™ ENTER THE BLOCKCHAIN™ service at www.EnterTheBlockChain.com to get started.

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