Are two NFTS from the same blockchain interchangeable?

Two NFTs from the same blockchain can look identical, but they are not interchangeable. NFTs (non-fungible tokens) are unique cryptographic tokens that exist on a blockchain and cannot be replicated. NFTs can represent digital or real-world items like artwork and real estate.

What is an NFT & how does it work?

You can think of the NFT as a digital ‘token’ that is stored on a blockchain that can be transferred to someone giving them ownership of the token. They are all digitally unique and no two NFTs are the same. These NFTs are giving more power to content creators than ever before in history.

Is blockchain stealing your NFTS?

That depends. Part of the allure of blockchain is that it stores a record of each time a transaction takes place, making it harder to steal and flip than, say, a painting hanging in a museum. Or at least that’s the theory. In reality, many, many people have gotten their NFTs stolen by attackers using a variety of tactics.

What is the difference between NFT and cryptocurrency?

Although cryptocurrency and NFTs rely on the same type of blockchain technology, they’re created and used for different purposes. NFTs are essentially crypto assets that contain a unique certificate of authenticity which makes them rare and high-value digital assets. How does an NFT work?