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NFTs & Beyond PodcastNFTs & Beyond Podcast
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    • Episodes Column 1
      • 01: The First 3 Things You Need to Know about NFTs
      • 02: How Did NFTs Change the Rules?
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Episode 13: NFT vs Crypto vs Digital Currency

Home » Episode 13: NFT vs Crypto vs Digital Currency

Episode 13: NFT vs Crypto vs Digital Currency

The word NFT has been thrown around everywhere – making waves on TV and online.

And at some point, you may have wondered:

“What is an #NFT?”

“Should I purchase or create an NFT?”

“What makes NFTs different from cryptocurrency and digital currency?”

In this episode, business innovator and leader, Lee Richter, guides you on the differences between these three digital payment systems and how the term “fungible” comes into play.

Key points covered in this episode:

NFTs are one-of-a-kind irreplaceable assets. They can come in the form of videos, images, or even music, and are exchanged in a different way than cryptocurrency.

Think of digital currency as actual, physical money. The only difference is that you can’t hold it in your hands. Ensure that you’re using a unique and secure password to protect your digital wallet.

Fungible vs Non-fungible. Cryptocurrencies and digital currencies can be traded without changing their value. NFTs are not just limited to collecting pictures and videos. They can represent a tangible item.

An NFT is what you make it out to be. The people decide how it works. This freedom allows people with similar interests to form interactive communities. Get into the NFT game, learn about them, and share your stories on how it made a difference in your life.

Learn More About the Global Leaders Collective…

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Our content is not intended as, and shall not be understood or construed as, financial advice. Lee Richter and The Global Leaders Collective are not financial advisors. The information contained on this site is to be used for educational purposes only. We’ve made sure that the content and resources provided are accurate and provide valuable information. You must do your own analysis before making any investment based on your own personal circumstances or take independent financial advice from a professional.

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