Just in case newbies here do not understand crypto ecosystems + projects, especially #GameFi NFT (Non fungible Tokens) vs Tokens vs Coins Coins = like currency, they are the same, and for crypto, they are usually represents the main chain. Example: BTC, ETH, BCH, RUNE, SOL, ADA (layer 1), MATIC, Harmony, AVAX (Layer 2) Tokens = somewhat like "currency" , but they are tied to a specific project Example: JEWEL (DefiKingdoms), AXS (Axie Infinity), CAKE (Pancakeswap) Coins and Tokens, they have A LOT, and if you know currency, they have the same usage on their chain / project. NFT = Non fungible. Also means it is UNIQUE, it is one and only, it doesn't have the same thing in the world. Example: Arts, game characters (on the blockchain) Latest ability of NFT (2.0), upgradable NFTs with all kinds of different other NFTs added to it.
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1 comment
Very helpful! Thank you for sharing! :D