What is the primary goal of NFTAVE's NFT marketplace?

To allow newbies in the NFT and crypto sphere to get familiar

To offer a safe, secure, and transparent environment.

What does the "Properties" section of the NFTAVE marketplace display?

The traits of a specific NFT in the collection

The rough estimation of the NFT's rarity score

The transaction details of an NFT

What is the purpose of Non-Fungible Tokens (NFTs)?

To represent a unique digital asset that cannot be replaced by another identical item

To represent a fungible digital asset that can be replaced by another identical item

To represent a physical asset that is stored on a blockchain

To represent a non-digital asset that can be traded in the primary and secondary markets

What is the purpose of the "NFT Academy" in the NFTAVE ecosystem?

To provide an impressive edutech-based NFT collection

To convert creators' digital work into a collectible by storing the ownership right in the blockchain

To assist NFT enthusiasts with a hassle-free trading experience

To bridge the gap between creators and fans by fetching all essential information of a particular NFT

What consensus mechanism does the Polygon network use to validate transactions?

The Polygon network uses Proof-of-Work mechanism to validate transactions.

The Polygon network uses Proof-of-Stake mechanism to validate transactions.

The Polygon network uses Proof-of-Authority mechanism to validate transactions.

The Polygon network uses Proof-of-Elapsed-Time mechanism to validate transactions.

What are the types of wallets that the marketplace supports?

MetaMask, Wallet Connect, and Coinbase

Ethereum, Binance Smart Chain, and Polygon

What type of wallets does the NFTAVE marketplace support?

MetaMask, Coinbase, and Wallet Connect

What is the first step for a creator in the marketplace?

Connecting their wallet to the required blockchain network

Providing the basic details of the NFT

Listing the NFT in an auction sale

What happens if a student requests to cancel their purchase of the NFT Academy?

The NFT will be burnt, and the amount will be returned

The NFT will not be burnt, and the amount will be returned

The NFT will be burnt, and the amount will not be returned

The NFT will not be burnt and the amount will not be returned

What happens when a creator accepts a bid on their NFT?

They receive the payment, excluding the platform’s service fees

They receive the payment, including the platform’s service fees

They receive the payment and royalties

They receive royalties for secondary trades

How can creators receive royalties for secondary trades?

By setting a royalty percentage for the NFT when creating it

By listing the NFT in an auction sale

By providing the basic details of the NFT

What is the main aim of NFTAVE Marketplace?

To create a user-friendly interface for NFT sector beginners

To provide a platform for NFTs to be purchased, sold, traded, bid, and minted easily

To help creators and collectors understand the marketplace’s workflow

How does the NFTAVE Marketplace support creators in creating NFTs?

By enabling creators to create NFTs with basic details such as name, properties, and description

By providing a blockchain network (Ethereum/Binance Smart Chain/Polygon)

By allowing creators to connect their wallet with the required blockchain network

How does a creator list NFTs on the NFTAVE Marketplace?

By listing NFTs in auction sale or fixed price sale

By accepting the proposed bids from buyers

By providing the basic details of the NFTs

What do collectors have to do to make transactions on the NFTAVE Marketplace?

Connect their wallet with the desired blockchain network

Ensure that they have enough balances in ETH, BNB, or MATIC

Verify the NFT collection information

What is the main function of NFTAVE's NFT Aggregator API?

To gather information about a particular NFT from different platforms

To list NFTs for sale in the platform directly

To provide basic information about the NFTs

To facilitate NFT transactions within the platform only

What does NFTAVE charge for executing transactions in the marketplace?

A percentage of the transaction amount

What information does NFTAVE's aggregator API retrieve about the transaction history of an NFT?

Total Transaction, Sender Particulars, Receiver Particulars, Transaction Type, Transaction Hash, Price, Gas Fees, Quantity of NFTs

Receiver Particulars and Transaction Hash only

Sender Particulars and Quantity of NFTs only

What are the filters available to help users search for the right NFT on NFTAVE's marketplace?

New Drops, Floor Price, Top Sellers, Preferring the Blockchain Network, Categories, Trending, Rarity, Traits, etc.

Floor Price and Top Sellers only

What is Polygon and what is its main goal?

Polygon is a blockchain layer two solution that aims to make web3.0 available for everyone.

Polygon is a decentralized app platform that aims to make web3.0 accessible to everyone.

Polygon is a web browser that provides fast and secure browsing experience.

Polygon is a social media network that allows users to connect and share content.

What is NFTAVE Marketplace?

A platform for creators to create and sell NFTs

A platform for collectors to purchase and trade NFTs

A platform for creators and collectors to engage with NFTs

What are the benefits of being a certified NFT expert through NFTAVE's NFT Academy?

Job opportunities in blockchain and cryptocurrency domain

Lifetime access to the NFT Academy's content

What are the utilities and perks of holding NFT Academy?

Special invitations to future events

Free NFT airdrop once every 3 months

Live coaching and knowledge-sharing sessions with subject matter experts

What is the advantage of cryptocurrencies being decentralized?

Enables users to transfer digital assets between peers with intermediaries

Limits users from transferring digital assets between peers

Requires centralized authorities to oversee or govern the network

How can students access the NFT Academy offered by NFTAVE?

By paying with cryptocurrency or credit/debit cards in fiat

How does Polygon serve as a solution to Ethereum's scalability problems?

Polygon processes transactions in the second layer of the blockchain and returns them to the main chain.

Polygon processes transactions in the main chain of Ethereum.

Polygon processes transactions outside of the Ethereum network.

Polygon processes transactions in a separate parallel blockchain.

An open-source and programmable blockchain network

A decentralized payment architecture to send, receive, and trade Bitcoins

What are Non-Fungible Tokens (NFTs)?

Interchangeable digital assets with a unique identity on the blockchain network

Interchangeable digital assets without a unique identity on the blockchain network

Fungible digital assets with a unique identity on the blockchain network

What is the purpose of nodes in the Ethereum network?

To maintain transparency and decentralization

What was the objective of the Ethereum network's creation?

To offer smart contract functionalities

To act as a payment architecture

NFTAve

Authored by Esteban Avendaño

Computers

Professional Development

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50 questions

Show all answers

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What happens when a collector successfully completes a transaction on the NFTAVE Marketplace?

The NFTs reach the collector's wallet

Creators receive their funds

Collectors hold the ownership of the asset

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the mission of NFTAVE?

To build a cutting-edge NFT marketplace.

To create a valuable collection for blockchain enthusiasts

To form a robust community.

All of them

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the ultimate vision of NFTAVE?

To bring NFT and crypto tools closer to people across the globe.

To connect users with the latest technology of blockchain.

To make NFTs easily accessible to every nook and corner of the world.

All of them

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two essential components in NFTAVE's brand-new approach to the market?

Safety and security

Education and knowledge

Transparency and simplicity

All of them

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What is the exclusive feature of the NFTAVE marketplace?

Advanced Search

Wallet Support

Light/Dark Mode

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is the growth of the NFT market expected to expand by 2030?

At an exponential rate

None of them

At a slower rate than 2020

At a steady rate

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal of the NFTAVE marketplace?

To raise the industry experts by offering the best tools and user experience

To support Ethereum, Polygon, and Binance Smart Chain networks

To make NFT technology easier to use for beginners and experts

To make NFT transactions faster

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