What Is The Difference Between NFT And Cryptocurrency

NFT and cryptocurrency

Cryptocurrency came into being I’m 2008 when the first time Bitcoin was launched. It took many years to get popular among the people. However, NFTs came into the scenario for the first time in 2014. Both NFT and cryptocurrency use the same programming as well as blockchain technology. The non-fungible tokens mostly use the Ethereum blockchain technology. However, there are some differences as well between both. So, in this article, let’s learn what is the difference between NFT and cryptocurrency.

What is the difference between NFT and cryptocurrency?

As the names suggest NFTs are non-fungible tokens while cryptocurrencies are fungible. Similarly, NFTs are unique in nature and are non-interchangeable while cryptocurrencies are interchangeable. Cryptocurrencies are currencies that are the same in the value i.e 1 Ethereum is equal to 1 Ethereum. However, this is not the case with NFTs. When a person buys the NFT, ownership rights are transferred to him for the original items.

Should I buy an NFT and which one?

In a short span, NFTs are getting huge attention from the world as in 2021, NFT sales surged to $25 billion. Hence NFTs are increasing much more in value and many NFTs are worth millions of dollars. So, as a starter, I would suggest you buy this NFT Limited. Because apart from being the owner of the NFT, you will also have access to an exclusive Discord room where you will be able to learn and get NFT tips from NFT whales and experts.