NFT v/s Cryptos what makes them different?

NTFs and crypto both are digital currencies that can be bought, sold, and exchanged using digital currencies.
Function on the same blockchain technology, but crypto tokens and NFTs have a different concept.
Crypto tokens and NFTs are correlative because for buying NFT, users need cryptocurrencies as a means of payment.

What is NFT?

NFTsare non-fungible tokens that are not interchangeable and are unique in nature. These are built over blockchain and distributed over ledger technology allowing for digital assets and token creation. These are pieces of artwork like a song, a video clip, all that is stored on a blockchain that represents a digital asset.

These are digital files that represent ownership of these assets. NFTs are minted with the same kind of blockchain technology as cryptocurrency. Their value determination depends on their asset value and has stable volatility.

What is Crypto?

These are digital assets that are developed over a network seeded across many computers. They follow a decentralized structure and are recorded over a blockchain database. Ethereum and Bitcoin are one of the most popular cryptos trading as of date.

They do not have any interference from a central authority. This helps it from being duplicated or getting copied. They have high popularity as an instrument and investment due to their worth.

The value determination of cryptocurrency depends on market fluctuations and is volatile in nature.

Uniqueness in NFTs and Cryptocurrencies.

NFTs are not at all divisible like cryptocurrencies. NFTs are like physical assets and can only be used as a whole. In comparing NFTs and cryptocurrency, the main difference is that NFTs are managed by storing their information within a blockchain. That allows increasing

Difference between NFT & cryptocurrency

The important difference between NFTs and Crypto is that NFTs are non fungible and cryptocurrencies are fungible. For instance if value of 10 rupees can be divided

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