Skip to main content
Beyond the native NEAR token, smart contracts can define their own tokens. NEAR provides standards for fungible tokens, non-fungible tokens (NFTs), and MultiTokens, so wallets and applications can interact with them consistently. Unlike native NEAR balances, these token balances and ownership records are stored in the token contract, which handles transfers and tracks each account’s holdings.

​
Fungible tokens

Each FT contract tracks balances of one fungible token. Units of that token are interchangeable: transferring 10 units reduces the sender’s balance by 10 and increases the receiver’s balance by 10. See the FT standard for the interface, or Using FTs for querying balances and transferring tokens.

​
Non-fungible tokens

An NFT contract tracks individually identified tokens and their owners. Each token has a unique ID within its contract and can carry metadata describing the asset it represents. See the NFT standard for the interface, or Using NFTs for querying and transferring NFTs.

​
MultiTokens

A MultiToken contract manages multiple token types, each identified by a token ID, and tracks each account’s balance for each ID. It can represent fungible, non-fungible, and semi-fungible assets in one contract and transfer multiple token types in a batch. See NEP-245 for the MultiToken interface and extensions.