How Is an NFT Different from Cryptocurrency?

NFT stands for non-fungible token. It’s usually designed victimization a similar quite programming as cryptocurrency, like Bitcoin or Ethereum, however that’s wherever the similarity ends.

Physical cash and cryptocurrencies ar “fungible,” that means they will be listed or changed for each other. They’re additionally equal in value—one greenback is usually price another dollar; one Bitcoin is usually adequate another Bitcoin. Crypto’s exchangeability makes it a sure means that of conducting transactions on the blockchain.

NFTs ar completely different. every includes a digital signature that produces it not possible for NFTs to be changed for or adequate each other (hence, non-fungible). One NBA prime Shot clip, as an example, isn't adequate EVERYDAYS just because they’re each NFTs. (One NBA prime Shot clip isn’t even essentially adequate another NBA prime Shot clip, for that matter.)