Cryptocurrency Q&A Is a token the same as an NFT?

Is a token the same as an NFT?

EchoChaser EchoChaser Sat Nov 23 2024 | 7 answers 992
I'm confused about the difference between a token and an NFT. Are they the same thing, or are there distinct differences between them? I would like to understand the relationship and differences between these two concepts. Is a token the same as an NFT?

7 answers

Martino Martino Mon Nov 25 2024
However, they differ significantly from cryptocurrencies in one key aspect.

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CryptoAlchemy CryptoAlchemy Mon Nov 25 2024
A non-fungible token often includes data links.

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Tommaso Tommaso Mon Nov 25 2024
Unlike cryptocurrencies, NFTs are not mutually interchangeable.

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Martino Martino Mon Nov 25 2024
This unique characteristic means that they are not fungible.

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CryptoNinja CryptoNinja Mon Nov 25 2024
NFTs operate similarly to cryptographic tokens in the digital realm.

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