Token, coin or NFT?

A coin is a blockchain's native asset, generally used to pay fees and secure the network.

It exists directly in the main ledger without a separate token contract.

Changing networks therefore means changing native coins.

A token is created to a standard by a smart contract on an existing blockchain.

The contract defines supply, transfers and sometimes specific rights.

Thousands of tokens can share one network and pay fees using its coin.

Fungible tokens are interchangeable: one unit equals another of the same kind.

An NFT carries a unique identifier; two items in one collection remain distinct.

Unique does not mean scarce, valuable or legally protected.

A token can act as money, a vote, a point, a share or simple access.

An NFT can reference an artwork, ticket, game item or certificate.

Meaning comes from associated rules and law, not from the token alone.

Holding the NFT does not automatically transfer copyright in its associated image.

The file or metadata may live elsewhere and become unavailable.

A commercial promise still depends on the issuer honouring it.

Contract — confirm the official address and network

Issuance — understand who can create or destroy units

Rights — read what holding it actually grants

Data — check where images, metadata or documents live

Coin, token and NFT describe architecture, not investment quality.

Before buying, connect the code, issuer, promised right and off-chain dependencies.

The useful question is: what does this object represent, and who honours it?