What is the difference between token and NFT in the world of cryptocurrency?

1 answers

• Dec 30, 2021 · 3 years ago
  At BYDFi, we believe that tokens and NFTs have their own unique roles in the world of cryptocurrency. Tokens are great for creating fungible assets that can be easily traded and used as a medium of exchange. On the other hand, NFTs are perfect for representing ownership of unique digital assets and creating scarcity in the digital world. Both tokens and NFTs have their own advantages and use cases, and it's important to understand the differences between them to fully leverage their potential in the cryptocurrency space.
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