Is Crypto An NFT?

Is Crypto An NFT?

No, crypto and an NFT work with the same blockchain technology, but crypto is not an NFT.

When we want to buy or sell an NFT, we need crypto for completing transaction gas fees after minting. You buy or sell any NFT must have revenue in for of crypto. Crypto is a fungible, exchangeable digital currency, and each crypto is the same.

Crypto has only economic value, fungible and exchangeable, whereas NFT is Non-Fungible Tokens; each token is unique and has identical value.

Only one can have ownership of NFT at a time. They are not exchangeable; they can be sold or bought at the price the seller maintains. They have both economic and non-economical values.

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