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FREE Introduction to NFT Art Question and Answers
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How many pieces are in the CryptoPunks collection?
10,000
Less than 100
1,000
More than 10,000
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Wrong!
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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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Wrong!
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What is the percentage of royalties received by artists when their work is resold?
4-5%
8-10%
2-3%
6-7%
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Wrong!
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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
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Wrong!
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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!
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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
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Wrong!
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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
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