An ERC-20 token is a type of digital asset that is built on the Ethereum blockchain. ERC-20 tokens are often used to raise funds for new projects through an initial coin offering (ICO). These tokens follow a set of rules that define how they can be transferred and how they interact with other contracts on the Ethereum network.
An NFT, or non-fungible token, is also a type of digital asset, but it is not necessarily built on the Ethereum network. An NFT is unique and cannot be replaced by another token. This is in contrast to a cryptocurrency like Bitcoin, which is fungible and can be easily exchanged for other tokens of the same type. _NFTs are often used to represent unique items like digital art or collectibles.
Top comments (0)