How much do you know about NFTs?
Quiz
•
Design, Arts, Computers
•
KG - Professional Development
•
Medium
Woonkly Labs
Used 23+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. What does the acronym NFT stand for?
A) New Free Token
B) New Fast Token
C) Non Fungible Token
D) Non Fiduciary Token
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. What does ‘minting an NFT’ mean?
A) Burning an NFT
B) Creating an NFT
C) Selling an NFT
D) Buying an NFT
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. Which cryptocurrency uses the same blockchain as most nfts?
A) Bitcoin
B) Woop
C) Ethereum
D) Dogecoin
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. Which of the following is correct?
A) All cryptocurrency is non-fungible
B) A $5 bill is fungible
C) NFTs are the only non-fungible asset
D) None of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5. Which of these NFTs was sold for $69 million?
A) Everydays: The first 5000 days - Beeple
B) Cryptopunk #7253
C) Cryptopunk #3100
D) Bored Ape Yacht Club #2087
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6. What factors are most likely to influence the price of an nft?
A) Who was the creator or the previous owner of the NFT
B) The number of editions available
C) The stock market
D) A & B are correct
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
7. What of the following is a technical standard for NFTs on the Ethereum blockchain?
A) ERC-127
B) NFT-100
C) ERC-721
D) ETH-127
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