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Security (Fungible) Tokens vs NFTs (Non-Fungible Tokens)
Security tokens (fungible) represent ownership in real-world assets and are subject to securities regulations, while NFTs represent ownership of unique digital assets and used in various creative and entertainment-related applications.
Why do People Collect NFTs?
People have varying motivations for collecting NFTs. Some may see the value in owning digital assets, while others may prefer traditional physical collectibles. As the NFT space continues to evolve, ongoing research will shed more light on the intricacies of NFT collecting behavior and motivations.
The difference between Crypto Coins and Tokens
Coins and tokens are both terms used in the cryptocurrency and blockchain space, but they refer to different types of digital assets with distinct technical characteristics. In summary, coins are native currencies of their respective blockchains, while tokens are digital assets built on existing blockchains using smart contracts and can represent a wide range of assets and utilities.