What Is a Token? And How Are FT and NFT Different?

🧩 Token vs Coin

• Coin = native blockchain asset (e.g., ETH, BTC)
• Token = smart contract–based asset (e.g., USDC, UNI, NFTs)

🧱 FT = Fungible Token

• ERC-20 standard
• All units are equal: 1 USDC = 1 USDC
• Use cases: money, governance, staking, DeFi

🖼️ NFT = Non-Fungible Token

• ERC-721 or ERC-1155
• Each token is unique: #1024 ≠ #1025
• Use cases: avatars, identity, collectibles, POAPs

🔄 Key Differences

Final Thought: FTs are like coins. NFTs are like deeds. Together, they’re the building blocks of Web3 assets.