NFT MCQ

  1. What is an NFT?
  2. What makes NFTs unique?
  3. What is an example of something that can be represented as an NFT?
  4. What is the main purpose of an NFT marketplace?
  5. What is the major difference between an NFT and a cryptocurrency?
  6. What the benefits of using NFTs?
  7. NFTs are stored in the ................
  8. What is called the technology behind NFTs?
  9. NFTs are created ..............
  10. What is the value of NFTs?
  11. What are the main use case for NFTs?
  12. NFTs can be replicated.
  13. How many copies of NFTs can exist?
  14. What are the uses of NFTs in the gaming industry?
NFT MCQ

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  • It is a type of cryptocurrency
  • It is a type of smart contract
  • It is a physical token used for authentication
  • It is a unique digital asset that represents ownership of a digital item
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  • NFTs are fungible
  • NFTs are interchangeable
  • NFTs are physical tokens
  • NFTs are non-interchangeable and non-divisible
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  • A tweet
  • A barrel of oil
  • A kilogram of gold
  • None of the above
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  • Buying and selling of NFTs
  • Creation of new NFTs
  • Conversion of NFTs into physical assets
  • All of the above
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  • NFTs are physical tokens, while cryptocurrencies are digital
  • NFTs are used for authentication, while cryptocurrencies are used for transactions
  • NFTs are non-interchangeable and non-divisible, while cryptocurrencies are fungible
  • NFTs represent ownership of a digital item, while cryptocurrencies are a medium of exchange
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  • Anonymity and security
  • Ownership and scarcity
  • Flexibility and scalability
  • Privacy and decentralization
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  • Cloud
  • Physical location
  • Centralized server
  • Decentralized blockchain
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  • ERC-20
  • ERC-721
  • Blockchain
  • Smart contract
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  • by mining
  • by buying
  • via smart contract
  • by a central authority
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  • Determined by its utility
  • Determined by its rarity
  • Determined by market demand
  • None of the above
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  • Real-estate
  • Gaming items
  • Digital Collectible
  • All of the above
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  • One
  • Two
  • More than one
  • None of above
  • It is used as in-game currency
  • It is used as unique and collectible items
  • It is used to represent virtual real estate
  • All of the above
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  • It is used to represent digital artworks
  • It is used to represent physical artworks
  • It is used to represent ownership of a physical artwork
  • All of the above
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  • ERC-721 tokens are non-fungible, while ERC-20 tokens are fungible
  • ERC-721 tokens are used for NFTs, while ERC-20 tokens are used for cryptocurrencies
  • ERC-721 tokens are used for smart contracts, while ERC-20 tokens are used for transactions
  • All of the above
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  • By checking the NFT's physical attributes
  • By checking the NFT's smart contract code
  • By checking the blockchain transaction history
  • None of the above
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  • By creating unique, non-fungible tokens
  • By registering the ownership on blockchain
  • By allowing the buying and selling of NFTs on marketplaces
  • All of the above
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  • NFTs are stored on a blockchain
  • NFTs are unique, non-fungible assets
  • NFTs can be bought and sold on marketplaces
  • All of the above
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  • NFTs are used to represent ownership of a virtual property
  • NFTs are used to represent ownership of a physical property
  • NFTs are used to represent access to exclusive real estate content
  • All of the above
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