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Introduction to NFT Art Flashcards

7 cards from real NFT practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Introduction to NFT Art flashcards as text

  1. What is 'generative art' in the NFT space?

    Answer: Artwork algorithmically produced using code and randomness

    Generative NFT art is created using algorithms that combine traits randomly or procedurally, producing unique outputs from a defined set of rules.

  2. Which blockchain pioneered smart contracts that made NFT art possible?

    Answer: Ethereum

    Ethereum introduced smart contracts, programmable self-executing code on the blockchain, which became the foundation for NFT standards like ERC-721.

  3. What is 'on-chain' metadata for an NFT artwork?

    Answer: All NFT data stored directly on the blockchain itself

    On-chain metadata means the NFT's image and attributes are stored directly on the blockchain, making them permanent and not dependent on external servers.

  4. What does ERC-721 refer to in NFT art?

    Answer: The Ethereum token standard that defines non-fungible tokens

    ERC-721 is the Ethereum token standard that establishes the rules for creating and managing non-fungible tokens, enabling unique ownership of digital assets.

  5. Which scenario best illustrates why NFT art ownership is different from owning the copyright?

    Answer: Owning an NFT grants rights to the token, not necessarily reproduction rights

    Buying an NFT typically transfers ownership of the token on the blockchain, but copyright and reproduction rights usually remain with the original creator unless explicitly transferred.

  6. What is a 'whitelist' (or 'allowlist') in NFT art drops?

    Answer: A pre-approved list of wallets eligible to mint before public sale

    A whitelist gives selected wallet addresses early or guaranteed access to mint NFTs before the general public, often as a reward for community participation.

  7. What was significant about Beeple's 'Everydays: The First 5000 Days' NFT?

    Answer: It sold for $69 million at Christie's, bringing mainstream attention to NFT art

    Beeple's 'Everydays: The First 5000 Days' sold at Christie's auction house in March 2021 for $69.3 million, marking a watershed moment for NFT art's legitimacy.