NFT QUIZ

1.  Which statement about NFTs is true?

Each NFT is unique and therefore is non-fungible

2. How long has Mike Winkelmann worked on his artwork "Everydays: The First 5000 Days"?

Over 13 years

3. What are traits?

Unique features, attributes of varying rarity used to differentiate a design of NFT collection, e.g. background color, skin or eye color, accessories, etc.

4. What does the token "Clock" represent?

Author's time spent in prison

5. How much has the most expensive NFT cost?

$68.3 million

6. What does tokenization mean?

Converting the rights to own an asset into a digital token on the blockchain

7. What standard do the platforms that support NFT minting use?

ERC-721

8. What sort of information you need to specify and upload to create an NFT collection?

Collection logo; promo picture; collection banner; name; links to the collection and social networks; category; creator wallet address; blockchain and cryptocurrency to pay for purchases

9. In what form NFT can exist?

Audio, video, image, social media posts, land in the metaverse

10. On which networks it is possible to create a collection of NFTs on OpenSea?

Ethereum, Polygon, Solana, and Klaytn networks