What is the difference between NFT and Cryptocurrency in general? Both NFT and Cryptocurrency Both are digital assets that operate on the Blockchain IT. But they have different points:
1. Each NFT coin is unique. not interchangeable
NFT is a unique asset and cannot be substitute for another NFT or token. Unlike real money or Cryptocurrency that is a Fungible Token, every coin in the currency is not different. can be used to buy-sell All interchangeable
for example A friend borrowed 100 baht. UFABET We gave the bank a hundred. When friends bring money back There is no need to return the same hundred banknotes. will bring back five coins, ten coins, twenty banks, fifty banks, or another hundred banknotes, no one will say because they are of equal value can be substituted
Non-Fungible Token is like art. If we intend to buy this picture You only need to get the token of this image. Can’t get other tokens instead. because they are different images
2. NFT cannot be used to exchange, buy and sell products.
We can bring Cryptocurrency to be used as an intermediary in transactions or used to buy-sell exchange goods It can be used instead of cash in stores or services that accept digital coins, such as using Ethereum to pay for food, using bitcoins to buy cars, etc.
But for NFT, it can’t be used to buy – sell other products at all. In addition to bringing the NFT out to sell itself
3. Must buy-sell Non-Fungible Token in full only.
Usually when buying digital coins that are cryptocurrencies Can only be bought in small units of 0.000001 units according to the amount of investment we have, whereas NFT only has to buy 1 unit in full value. cannot be purchased as sub-unit The seller must sell the whole picture. Buyers have to buy the whole picture. because the holder must be the sole owner