NEW
Font size
WorksheetsHow much do you know about NFTs?
Total questions: 10
Worksheet time: 5mins
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
