Are NFTs cryptocurrency?
No. People often ask what is NFT crypto, but NFTs are not a type of cryptocurrency. NFTs are a type of digital asset that can be bought with cryptocurrency but behave differently than cryptocurrencies like Bitcoin or Ethereum. Cryptocurrencies like Bitcoin are fungible, and all the tokens have an equal value. With NFTs, every token is different and unique. Read more about what NFTs are here.
Below is a comparison chart explaining the difference between NFTs and crypto.
You’ll often see ETH and NFTs mentioned together. Ethereum is the most popular blockchain for NFTs, and ETH is the most common cryptocurrency used to buy NFTs.