FREE NFT Art Coin Question and Answers
Which NFT market is the most well-liked?
Correct!
Wrong!
Who made the NFT?
Correct!
Wrong!
Explanation:
Kevin McCoy and Anil Dash invented the NFT, or Non-fungible-token, for the first time on May 3, 2014, live at the Seven on Seven conference at the New Museum in New York City. It was the first test of a non-fungible token made using on-chain information (made possible by Namecoin), and it was connected to a special piece of artwork.
What NFT was sold for the biggest money in 2021?
Correct!
Wrong!
What does an NFT appear like?
Correct!
Wrong!
How do NFTs function?
Correct!
Wrong!
Explanation:
To create non-fungible tokens (NFTs), a digital file such as a JPEG, GIF, WAV, or another type is used. It becomes a distinct token with its own unique data after being added to a blockchain. The token can be put into circulation for individuals to buy, sell, or display once it has been confirmed on the blockchain.
What elements have the most potential to affect an NFT's price?
Correct!
Wrong!
What does it mean to "Mint" an NFT?
Correct!
Wrong!
