Does the cryptocurrency and NFTs are same?

submitted 2 years ago by jessepinkman930 to cryptocurrency

Let's start by figuring out how NFTs are different from cryptocurrencies to respond to this issue. Cryptocurrencies may be exchanged for one another since they are fungible. Physical currency and cryptocurrencies have the same value (one Bitcoin is equal to another Bitcoin).

Cryptocurrency and cricket NFTs are two distinct concepts. NFTs are unique. Since they are all individually digitally signed, NFTs cannot be traded or treated equally. NFT Marketplace for cricket may be exchanged online.

A product that can be purchased and sold in an NFT market is cricket NFTs. They are not, however, a type of cryptocurrency. The fact that they both employ blockchain technology is one similarity.