Crypto Currencies and Venture Capital Funds
In the modern financial market, Cryptocurrencies are getting more and more attention. Crypto Currencies and Digital format funds are getting more Venture Capital Funds like never before. Venture capital funds are those which take comparatively higher risks to earn profit. This year, as per records, more than 30 Billion US Dollars are pumped in by venture capital funds for the cryptocurrency market.
The amount is much more than the total funding for the last 10 years collectively into the crypto market. The growth of the digital coin market is more than 1300 percent as per data. The main cause of this growth is the leading and most popular coin BTC (Bitcoin).
As per media reports of mainframe investors worldwide, the opinions are like people started thinking beyond shares, stocks, and even digital gold markets. Cryptos got a multiple-fold growth rate in minimal timing.
NFT and Crypto Currencies
Non Fungible Tokens (NFT) and Crypto Currencies are having a common factor of performance. Both are working on blockchain platforms. Both have a non-copyable identity that adds to safety, security, and uniqueness. Both are getting popularized day by day at a disproportionate rate of growth.
The main difference between NFT and Crypto Currency is the physical form. Cryptocurrencies are only in digital format. They do not have a physical form that can be seen or heard. But in the case of NFT, it could be anything that is a digital format or has a physical shape. The NFT could be anything like a picture or portrait. Or it can be music or rhythm. An NFT can be any kind of art or even a tweet.
Nowadays, NFTs are also booming like cryptocurrencies. An NFT artwork was auctioned for more than 69 million US Dollars recently – which is known as the highest value NFT ever sold. In the Cryptocurrency case, the value of the highest-ranked coin – Bitcoin is only 48000plus as of December 2021.