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What is the difference between ERC20 and ERC721 Tokens in simple terms?

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What is the difference between ERC20 and ERC721 Tokens in simple terms?

A.

The tokens of a certain ERC20 symbol are all the same, the tokens of an ERC721 symbol are all different. So, ERC20 tokens are fungible, while ERC721 tokens are non-fungible.

B.

The tokens of a certain ERC20 symbol are all different, the tokens of an ERC721 symbol are all the same. So, ERC20 tokens are non-fungible while ERC721 tokens are fungible.

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