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NFTs (Non-Fungible Tokens) MCQs

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1. : What does NFT stand for?





2. : NFTs are mostly built on which blockchain?





3. : Which Ethereum standard is widely used for NFTs?





4. : Which feature makes NFTs unique compared to cryptocurrencies?





5. : The first NFT ever created was?





6. : Which marketplace is the largest for buying and selling NFTs?





7. : Which NFT project became famous for pixelated characters?





8. : NFTs are stored in a user’s?





9. : What is “minting” in NFTs?





10. : Which token standard allows both fungible and non-fungible tokens?





11. : NFTs can represent ownership of?





12. : Which blockchain introduced the ERC-721 standard?





13. : What was the most expensive NFT sold in 2021?





14. : Which company launched NBA Top Shot NFTs?





15. : NFTs are verified by?





16. : Which blockchain is known as a fast-growing NFT alternative to Ethereum?





17. : The Bored Ape Yacht Club NFTs are famous for?





18. : NFTs are often criticized for?





19. : Which protocol helps reduce NFT transaction fees on Ethereum?





20. : An NFT that cannot be replicated is said to have?





21. : Which wallet is commonly used to interact with NFTs?





22. : Which is an example of a play-to-earn NFT game?





23. : What does “burning” an NFT mean?





24. : Which type of token is interchangeable?





25. : NFTs can provide royalties to?





26. : Which celebrity released NFT artwork called “Everydays”?





27. : Virtual land NFTs are most common in?





28. : Which blockchain network uses “Candy Machine” for NFT minting?





29. : A unique identifier of an NFT is stored in?





30. : NFT ownership is transferred through?





31. : Fractionalized NFTs allow?





32. : Which token standard supports batch transfers of NFTs?





33. : Which company launched the “ZED RUN” NFT horse racing game?





34. : NFTs mainly rely on which technology?





35. : Which of these is NOT an NFT marketplace?





36. : What is the difference between ERC-721 and ERC-20?





37. : Which of these can be turned into an NFT?





38. : Which company developed CryptoKitties?





39. : Which term refers to storing NFT data off-chain?





40. : NFTs are often bought and sold using?





41. : Which 2021 NFT craze involved rock images selling for millions?





42. : The term “NFT drop” means?





43. : What type of file can NFTs represent?





44. : NFTs can also be used for?





45. : Which NFT collection includes pixel art punks?





46. : What is “floor price” in NFTs?





47. : Which marketplace is community-owned and runs on Ethereum?





48. : The NFT boom gained massive popularity in which year?





49. : Which NFT platform specializes in gaming and metaverse assets?





50. : NFTs differ from cryptocurrencies because?





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