Non-fungible token • Cryptocurrency
NFT stands for non-fungible token.
It’s generally built using the same kind of programming as cryptocurrency,
ike Bitcoin or Ethereum, but that’s where the similarity ends.
ike Bitcoin or Ethereum,
but that’s where the similarity ends.
Physical money and cryptocurrencies are “fungible,” meaning they can be traded
exchanged for one another.
They’re also equal in value—one dollar is always worth another dollar; one Bitcoin is always equal to another Bitcoin.