Is NFT a cryptocurrency?

NFT stands for non-fungible token. It’s generally built using the same kind of programming as cryptocurrency , like Bitcoin or Ethereum, but that’s where the similarity ends. Physical money and cryptocurrencies are “fungible,” meaning they can be traded or exchanged for one another.15 Şub 2022

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What is NFT white paper?

Non-fungible tokens (NFTs) are unique, and thus not interchangeable. A digital art piece that you created, an ownership certificate of a car, or a character in a game are examples of non-fungible assets—they are unique and not directly interchangeable.

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