Home › Discussions › Career and Art Business › How are NFTs and cryptocurrencies connected?
-
How are NFTs and cryptocurrencies connected?
Posted by Betsy McGrill on March 2, 2022 at 2:40 pm.
Nidheesh Chandran replied 2 years, 8 months ago 2 Members · 1 Reply -
1 Reply
-
NFTs are not exactly cryptocurrencies, but they are built using technology similar to Bitcoin and Ethereum. Just like the cryptocurrencies, these NFTs exist on a blockchain, which verifies their unique identity and ownership. The blockchain also holds a record of all the transactions connected to the particular NFT and the property it represents. Most of the NFTs are held on the Ethereum blockchain.