What Distinguishes NFTs from Cryptocurrencies?

Infusible Token is referred to as NFT. Although it is typically developed using the same type of programming as cryptocurrencies like Bitcoin or Ethereum, the similarities end there.

Having the ability to be sold or exchanged for one another, physical money and

Cryptocurrencies are both “fungible.” A dollar is always worth another dollar, and the value of one Bitcoin is always equivalent to the value of another Bitcoin. 

Due to its fungibility, cryptocurrency is a reliable method for blockchain transactions. NFTs are unique.Since they are all digitally signed, NFTs cannot be traded for or equaled with one another (hence, non-fungible). 

For instance, just though two shots are NFTs in one NBA Top Shot clip does not make them identical to each other.(One NBA Top Shot clip isn’t even necessarily equal to another NBA Top Shot clip, for that matter.)

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1 thought on “What Distinguishes NFTs from Cryptocurrencies?”

  1. 1 ETH is one ETH. All the same. NFT are unique in their own way. Look, color, music, utility. An NFT you can buy because of its unique to you as the buyer. Good community and of course use case. Crypto you can buy and sell almost immediately. NFT you can buy and if your trying to flip lt, there is no guarantee it will sell. and of course if you list a NFT on the ETH blockchain and the pice of RTH goes up so does the NFT price.

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