Tag: cryptocurrency
What Are NFTs in Cryptocurrency? Simple Guide to Digital Ownership
NFTs are unique digital tokens on the blockchain that prove ownership of digital or physical items. Unlike cryptocurrencies, each NFT is one-of-a-kind, used for art, gaming, music, and more. They offer creators royalties and global transferability but come with volatility and legal gray areas.
What Are Wrapped Tokens in Cryptocurrency? A Simple Breakdown
Wrapped tokens let you use Bitcoin and other cryptocurrencies on different blockchains like Ethereum. They’re 1:1 backed, enable DeFi yields, and power over $12 billion in locked value - but come with custodial risks.