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Issue-#908: Fix spelling issues in datanft-and-datatoken.md

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Akshay 2022-03-04 16:03:16 +01:00
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content/concepts/datanft-and-datatoken.md
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---
title: DataNFTs and Datatokens
description: In Ocean Protocol, ERC721 dataNFTs represent holding copyright / base IP of a data asset, and ERC20 datatokens represent licenses to consume the assets.
description: In Ocean Protocol, ERC721 dataNFTs represent holding copyright/base IP of a data asset, and ERC20 datatokens represent licenses to consume the assets.
---
A non-fungible token stored on the blockchain represents a unique asset. NFTs can represent images, videos, digital art, or any piece of information. NFTs can be traded, and allow transfer of copyright/base IP. [EIP-721](https://eips.ethereum.org/EIPS/eip-721) defines an interface for handling NFTs on EVM-compatible blockchains. The creator of the NFT can deploy a new contract on Ethereum or any Blockchain supporting NFT related interface and also, transfer the ownership of copyright / base IP through transfer transactions.
A non-fungible token stored on the blockchain represents a unique asset. NFTs can represent images, videos, digital art, or any piece of information. NFTs can be traded, and allow transfer of copyright/base IP. [EIP-721](https://eips.ethereum.org/EIPS/eip-721) defines an interface for handling NFTs on EVM-compatible blockchains. The creator of the NFT can deploy a new contract on Ethereum or any Blockchain supporting NFT related interface and also, transfer the ownership of copyright/base IP through transfer transactions.
Fungible tokens represent fungible assets. If you have 5 ETH and Alice has 5 ETH, you and Alice could swap your ETH and your final holdings remain the same. They're apples-to-apples. Licenses (contracts) to consume a copyrighted asset are naturally fungible - they can be swapped with each other.