161 - NFTs - One Minute History

161 - NFTs - One Minute History

Assessment

Interactive Video

History, Business

11th Grade - University

Hard

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Quizizz Content

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The video tutorial explains nonfungible tokens (NFTs) as unique digital assets on a blockchain with verifiable ownership. Unlike cryptocurrencies like Bitcoin or Ethereum, NFTs have distinct identities. They can represent art, video games, virtual real estate, and more. In 2021, NFTs gained significant attention, sparking a new digital economy. The future of NFTs and blockchain technology is promising, with applications in ticket sales, real estate contracts, and government records.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways have NFTs contributed to a new digital economy?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What potential future uses for NFTs and blockchain technology can you identify?

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