I believe a big difference is that the ERC20 smart contracts were added to the chain while the NFT contract is added to the Steem client software. Ethereum has a smart contract language where you can add new contracts into the chain and processed by the Ethereum client software.
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This really is the big difference. The fact you don't have to trust a company... just their blockchain. But Steem does have a crazy amount of perks.
Absolutely, the speed and the amount of data stored on chain allows for many things Ethereum can't do.