How much do you know about NFTs?

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. What does ‘minting an NFT’ mean?

• A) Burning an NFT

• B) Creating an NFT

• C) Selling an NFT

• D) Buying an NFT

3. Which cryptocurrency uses the same blockchain as most nfts?

• A) Bitcoin

• B) Woop

• C) Ethereum

• D) Dogecoin

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. 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. 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. 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

8. Which of the following industries are involved with NFTs?

• A) Art

• B) Entertainment

• C) Fashion

• D) All of the above

9. Which of the following could be sold as an nft?

• A) A piece of land in the real world

• B) A newspaper or magazine column

• C) A video of Mr Santos flying to the moon

• D) All of the above

10. In which of the following projects can you purchase virtual land as NFTs?

• A) Decentraland

• B) Binance

• C) Ethereum

• D) Woonkly