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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
Which one of these are a wallet provider?
Lirn.io
Metamask
Alchemy
IPFS
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 creates an NFT?
JSON Files
RPCs
Smart Contracts
MIPs
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
Which one of these is an NFT marketplace?
Aave
Alchemy
Compound
OpenSea
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
What is the official NFT Standard?
ERC-721
ERC-1155
ERC-1080
ERC-1238
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