Introduction
Non-fungible tokens, also known as NFTs, have lately been in the news. What do they signify for the cryptocurrency sector and what do they actually mean?
Digital assets include both cryptocurrencies and NFTs (non-fungible tokens). Digital assets, however, are not all created equal. There are a few significant distinctions. NFTs are more difficult than bitcoins to value and trade. Cryptocurrencies are virtual money supported by a blockchain network, but NFTs (Non-Fungible Tokens) are special digital assets that represent real-world objects like collectables or pieces of art. Each NFT has a unique ID number and set of characteristics.
In this article, we’ll explain how and why it’s crucial to grasp how NFTs vary from cryptocurrencies.
What Is A Cryptocurrency?
A cryptocurrency is a non-centralized digital asset. There may be some centralized aspects in the network, but the network is designed to be decentralized.
The blockchain is utilized by crypto networks. A blockchai
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