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What's the difference between NFT's and SFT's?

Okay, imagine you have a special picture of a dragon. Now, if you make it into a regular print and give copies to your friends, everyone has the same dragon picture. That's like a regular picture you can buy and share.

Now, let's talk about NFTs and SFTs. An NFT (Non-Fungible Token) is like having a magical dragon picture. It's unique, and only one person can own the special magical version. It's like saying, "I have the only dragon picture like this in the whole world!"

On the other hand, an SFT (Semi-Fungible Token) is a bit different. It's like having a set of magical dragon cards. Each card is unique, but there can be more than one of the same kind. So, you and your friends could all have a special dragon card, but each card still has its own unique qualities.

In simple terms, NFTs are for really special, one-of-a-kind things, like the only dragon picture with magical powers. SFTs are for collections where each item is special, but there can be more than one of the same kind, like having a set of unique dragon cards to trade with your friends.

Updated on: 02/01/2024

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