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Are NFTs the only type of cryptocurrency tokens? Here's all you need to know
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cnbctv18.comThe prominence of bitcoins and other altcoins has reached a fever pitch in the last two years. People are buying and selling cryptocurrency at an unprecedented rate, but when it comes to crypto tokens, they believe it’s just limited to non-fungible tokens (NFTs). However, there are many types of tokens.
Crypto tokens are built on pre-existing blockchain platforms. Instead of the complete network, they have a specific utility in their projects.
Tokens leverage crypto technology to serve various other user needs across industries. They often act as a medium for executing different decentralised apps and smart contracts, other than also acting as a store of value.
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