đ¨Did You Know?đ¨
NFTs arenât currencies.
Even though they grew in popularity in 2021 and are considered digital assets, NFTs arenât cryptocurrencies. Theyâre tokens that are not used as a medium of exchange. And NFTs canât be divided or replicated.
NFTs can be used as alternative investments similar to artwork or collectibles. In fact, thatâs how some people see them â digital collectibles and artwork that may potentially grow in value. There are even NFTs, like those offered by NBA TopShot, that operate similarly to digital sports trading cards.
