{"id":903,"date":"2023-07-12T07:36:25","date_gmt":"2023-07-12T07:36:25","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=903"},"modified":"2023-07-12T07:36:25","modified_gmt":"2023-07-12T07:36:25","slug":"introduction-to-semi-fungible-tokens","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/introduction-to-semi-fungible-tokens\/","title":{"rendered":"Introduction to Semi-Fungible Tokens"},"content":{"rendered":"<p><strong>Semi-fungible tokens (SFTs)<\/strong> are a new thing on the Solana blockchain that combines the features of two other types of tokens: fungible tokens (FTs) and non-fungible tokens (NFTs). SFTs are already being used in games and metaverse stuff and people think they&#8217;ll be used for even more things in the future.<\/p>\n<p>At first, SFTs work like fungible tokens. You can swap semi-fungible tokens with other tokens of the same kind without losing any value. But once you use them, they become more like special collectible tokens that can&#8217;t be exchanged for identical ones.<\/p>\n<blockquote><p>You might like it:\u00a0<a href=\"https:\/\/coinengineer.net\/blog\/whats-zksync\/\" target=\"_blank\" rel=\"noopener\">What\u2019s ZkSync?<\/a><\/p><\/blockquote>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/introduction-to-semi-fungible-tokens\/#Whats_the_Advantage_of_Using_SFTs_instead_of_NFTs\" title=\"What&#8217;s the Advantage of Using SFTs instead of NFTs?\">What&#8217;s the Advantage of Using SFTs instead of NFTs?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/introduction-to-semi-fungible-tokens\/#What_Can_You_Do_With_Semi-Fungible_Tokens\" title=\"What Can You Do With Semi-Fungible Tokens?\">What Can You Do With Semi-Fungible Tokens?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/introduction-to-semi-fungible-tokens\/#How_Do_SFTs_Work_on_Solana\" title=\"How Do SFTs Work on Solana?\">How Do SFTs Work on Solana?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Whats_the_Advantage_of_Using_SFTs_instead_of_NFTs\"><\/span><strong><span style=\"font-size: 85%;\">What&#8217;s the Advantage of Using SFTs instead of NFTs?<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li><strong>Reversible Transactions<\/strong>: Unlike NFTs, if you send an SFT to the wrong place by mistake, <strong>you can r<\/strong><strong>everse the transaction<\/strong> and<strong> get your tokens back.<\/strong><\/li>\n<li><strong>More<\/strong> <strong>Efficient<\/strong> <strong>and Cost<\/strong>&#8211;<strong>Effective<\/strong>: SFTs let you transfer a bunch of tokens all at once, while NFTs have to be transferred one by one. This saves time and money because you don&#8217;t have to pay fees for each individual transfer.<\/li>\n<li><strong>Improved<\/strong> <strong>Security<\/strong>: SFTs are designed to be super secure when you&#8217;re moving them around. They&#8217;re like an upgraded version of NFTs.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"What_Can_You_Do_With_Semi-Fungible_Tokens\"><\/span><strong>What Can You Do With Semi-Fungible Tokens?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ol>\n<li><strong>Genopets SFT Example<\/strong>: In a game called Genopets on Solana, you can buy a special pet as an NFT. But the resources you collect in the game, like wood, water, crystals, and metal, are available as SFTs. SFTs are great here because you can buy and sell multiple resources in one go, which saves time and money compared to individual transfers.<\/li>\n<li><strong>In-game Achievements Example<\/strong>: SFTs are also handy for keeping track of your gaming achievements.\u00a0 It starts as an SFT, but as you use it and accomplish things in the game, it becomes a unique NFT like an item with a cool history. This way, the weapon gains value and becomes more special as it changes hands and accumulates in-game history.<\/li>\n<\/ol>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-971 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/06\/sft-300x193.jpg\" alt=\"\" width=\"479\" height=\"308\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/06\/sft-300x193.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/06\/sft-1024x659.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/06\/sft-768x494.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/06\/sft.jpg 1100w\" sizes=\"auto, (max-width: 479px) 100vw, 479px\" \/><\/p>\n<h4><span class=\"ez-toc-section\" id=\"How_Do_SFTs_Work_on_Solana\"><\/span><span style=\"font-size: 120%;\"><strong>How Do SFTs Work on Solana?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>They are like special accounts that have metadata attached to them. This metadata represents the unique characteristics tokens in a game or virtual world. Solana&#8217;s architecture, which separates logic and data into different components, helps make SFTs work smoothly.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><em>You can present your own thoughts as comments about the topic. Moreover, you can follow us on <a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>\u00a0and\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a> channels for news.<\/em><\/p>\n<div class=\"blog-share text-center\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Semi-fungible tokens (SFTs) are a new thing on the Solana blockchain that combines the features of two other types of tokens: fungible tokens (FTs) and non-fungible tokens (NFTs). SFTs are already being used in games and metaverse stuff and people think they&#8217;ll be used for even more things in the future. At first, SFTs work<\/p>\n","protected":false},"author":1,"featured_media":970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,448],"tags":[318,192,180,103,315,314,316,317,319],"class_list":["post-903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-guides","category-crypto-tutorial","tag-benefits-of-sfts","tag-blockchain","tag-gamefi","tag-nft","tag-non-fungible-token","tag-semi-fungible-token","tag-sft","tag-sft-game","tag-solana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Introduction to Semi-Fungible Tokens - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Semi-fungible tokens are on the Solana blockchain that combines the features of two types of tokens: fungible tokens and non-fungible tokens.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/introduction-to-semi-fungible-tokens\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Introduction to Semi-Fungible Tokens - 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