What is NTF?

Oscar W
Oscar W
Nov 13, 2020 · 4 min read

Non-Fungible Tokens are gaining more traction in the crypto market. But what exactly are NFT and how are NFT used?

Image by Pete Linforth from Pixabay

We can categorize tokens into two types: Fungible Token (FT) and Non-Fungible Token (NFT). The main characteristic of fungible tokens is that they are interchangeable and divisible. Tokens like Bitcoin, Ethereum, and Cortex are considered as fungible tokens, as well as various tokens in the cryptocurrency exchanges.