Home Discussions NFT Art How are NFTs and cryptocurrencies connected?

  • How are NFTs and cryptocurrencies connected?

    Avatar Of Nidheesh Chandran Nidheesh Chandran updated 2 months, 3 weeks ago 2 Members · 2 Posts
  • Avatar Of Betsy Mcgrill

    Betsy McGrill

    Member
    March 2, 2022 at 2:40 pm

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  • Avatar Of Nidheesh Chandran

    Nidheesh Chandran

    Member
    March 2, 2022 at 3:35 pm

    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.

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