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Cryptocurrency, short for "crypto," refers to digital or virtual currencies that use cryptography for security and operate on decentralized networks based on blockchain technology. Unlike traditional currencies issued by governments and central banks, cryptocurrencies are typically decentralized and operate on a peer-to-peer network, allowing for secure and transparent transactions.

NFT stands for Non-Fungible Token. It's a type of digital asset that represents ownership or proof of authenticity of a unique item or piece of content using blockchain technology. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are unique and cannot be exchanged on a like-for-like basis.