Different nature of substance can be represented by the two types of token
1) Fungible Token “FT”
FT are tokens of such a nature that one part or quantity may be replaced by another equal value or quantity, meaning that they can be easily interexchanged for another item or value and it can be divided into as many decimal places which were configured during its issurance.
2) Non Fungible Token “NFT”
NFT are unique items that cannot be exchanged for the same amount of the same kind, because they are unique, possibly rare and each holds several different functionalities and characteristics.
The use of FT and NFT are unlimited, it is practically able to tokenize any asset or project.