Bitcoin is fungible: any Bitcoin equals any other. NFTs are non-fungible, meaning each one is unique and not interchangeable. Bitcoin is currency. NFTs prove ownership of specific digital items like CryptoPunks or Bored Ape Yacht Club.
Yeah, so FT is essentially, so the, the key word here is fungibility. So in a cryptocurrency, one Bitcoin is the exact same as any other Bitcoin and it doesn't matter what the ID of that Bitcoin is. You can, you and I can exchange a Bitcoin, one Bitcoin for another, and it doesn't matter which one we pick. With NFTs, it's different. So the fungibility, non-fungible token, this is basically a digital representation of something that cannot necessarily be is not one-to-one with anything else the way that a Bitcoin might be. So what that means is that it's a way of representing digital ownership. So the first like application that people probably become familiar with is owning a digital collectible, like a CryptoPunk or a Bored Ape or an NBA Top Shot.
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