Even though they are growing in popularity and are considered digital assets, NFTs aren’t cryptocurrencies. They’re tokens that are not used as a medium of exchange. And NFTs can’t be divided or replicated.

Today, NFTs are seeing popularity as alternative investments similar to artwork or collectibles. In fact, that’s how some people see them — digital collectibles and artwork that could potentially grow in value. There are even NFTs, like those offered by NBA TopShot, that operate similarly to digital sports trading cards.

Q: Are NFT′s cryptocurrencies?

A: No

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Original link:https://www.bairesdev.com/blog/are-nfts-the-future-of-currency/#:~:text=What%20Is%20an%20NFT%3F,two%20are%20exactly%20the%20same.

Categories: NFT


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