FREE Introduction to NFT Art Question and Answers

If the value of cryptocurrency changes, what also changes?

The year the artwork was made

The value of the artwork

The type of artwork

The artist who made the artwork

Correct! Wrong!

What is the percentage of royalties received by artists when their work is resold?

4-5%

8-10%

2-3%

6-7%

Correct! Wrong!

Before NFTs, what was the closest thing to "owning" digital artwork?

Before selling digital artwork, creators need to get "legal" ownership of the work.

There was no opportunity to assume complete ownership of the work.

NFTs allow creators to sell their original works and display them as they wish.

That process is called minting, which means tokenizing an artwork on cryptocurrency service, blockchain.

Correct! Wrong!

What is the main advantage of creating an NFT for your artwork?

You can easily sell it and not worry about hackers or scammers

It's impossible for someone to steal your work

You can mint it for free

You can make it public before you mint it

Correct! Wrong!

What are CryptoPunks?

A means of payment

A marketing tool for the technology

A type of NFT that is difficult to create

Pixel art characters that have become icons of the cryptocurrency world

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How many pieces are in the CryptoPunks collection?

10,000

Less than 100

1,000

More than 10,000

Correct! Wrong!

When you buy an NFT what do you get in the end?

The ability to sell the NFT

The NFT itself

The copyright of the original work

The ability to reproduce or sell the original work

Correct! Wrong!

If the value of cryptocurrency changes, what also changes?

What is the percentage of royalties received by artists when their work is resold?

Before NFTs, what was the closest thing to "owning" digital artwork?

What is the main advantage of creating an NFT for your artwork?

What are CryptoPunks?

How many pieces are in the CryptoPunks collection?

When you buy an NFT what do you get in the end?

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