NFT Johnny Harris Youtube Complete

What does NFT stand for?

• Non-Fungible Token

• New Found Technology

What was the price of the first tweet ever tweeted in the history of Twitter?

• $10,000,000

• $2,915,835.47

What is the main concept behind NFTs?

• Fungibility

• Scarcity

What is the purpose of the public ledger in the blockchain?

• To track online purchases

• To record currency transactions

What is the environmental impact of the Ethereum blockchain?

• It reduces carbon emissions

• It uses the same amount of power as the country of Serbia

What is the potential effect of NFT technology on transactions?

• It will eliminate the need for middlemen

• It will increase the cost of transactions

What is the comparison made between NFTs and the internet boom of the 90s?

• Both will have no impact on society

• Both will reshape the world

What is the main reason for the value of non-fungible items?

• Their emotional significance

• Their mass production

What is the main concern regarding the energy consumption of the Ethereum blockchain?

• It leads to higher electricity bills

• It contributes to the climate disaster

What is the main impact of the NFT technology on the art industry?

• It has no impact on the art industry

• It increases the value of digital art