๐ #CryptoUpdate: Getting to Know NFTs & SFTs!
๐น NFTs: Unique tokens suitable for digital art & collectibles. Ideal for proof of ownership and authenticity. However, transaction fees can be high.
๐น SFTs: Hybrid of fungible & non-fungible tokens. Flexible for games & tickets, allowing for cost-effective batch transfers.
๐ Key differences:
- Fungibility: NFTs are unique, SFTs are mutable.
- Divisibility: NFTs are whole, SFTs are divisible.
- Transferability: NFTs are one at a time, SFTs are batchable.
๐ก Which one suits you best? Discuss in the comments! ๐