NFT Mini Quiz

What does NFT stand for?

Non Fungible Time

Non Fungible Tickets

Non Fungible Token

Neither of the above

What are the type of NFTs currently available?

Proofs, 1of1, PFP Collections, and Digital Items

Social Security Numbers

Drivers License, Birth Certificate, Legal, and Business Papers

Just PFP projects

What are the 2 things that give value to an NFT?

Monetary and Visual Value

Intrinsic and Extrinsic Value

Federal Reserve and Government

Aesthetics and Vibes

What is a blockchain?

A central database that holds information

Distributed database that maintains a continuously growing list of records, called blocks, secured from tampering and revision.

A distributed database that is grows in size and can have its data changed

A distributed database that maintains a continuously growing list of records that is stored on the cloud.

What stores ownership of an NFT once it's been purchased?

An execution client

IPFS

A crypto wallet

A cloud provider

What does ownership in web3 mean?

You get a physical certificate of ownership

The government states you as an owner of an NFT or digital asset

You can right click and save

Transaction activity gets registered to a wallet and is immutable

What is a Smart Contract?

A computer program or a transaction protocol that is intended to automatically execute, control or document events and actions

Contracts that were made by an AI

Contracts sent via email for parties to sign

A computer program that stores information on cloud infrastructure

What does minting mean?

Running an RPC call

Publishing a unique digital asset on a blockchain so that it can be bought, sold, and traded.

A node sending a message to another node

Encrypting data from a private key

What NFT sold for $7.6M?

Crypto Kitty #1

Bored Ape Yacht Club #1200

Deadfellaz #123

Cryptopunk #3100

What does FOMO mean?

Fear of Missing One

Fear of Missing Out

Fear of Missing Operating

Fear of Minting Out

What does it mean that a project is generative?

A project that is made by an ai

A project not using a smart contract

A project that layers art through code

A project that has art made by its community

NFT Mini Quiz

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