NFT Introduction to NFT Art 3

Question 1

What is 'generative art' in the NFT space?

Accepted Answer

Artwork algorithmically produced using code and randomness

Answer

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

Question 2

Which blockchain pioneered smart contracts that made NFT art possible?

Accepted Answer

Ethereum

Answer

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

Question 3

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

Accepted Answer

All NFT data stored directly on the blockchain itself

Answer

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.

Question 4

What does ERC-721 refer to in NFT art?

Accepted Answer

The Ethereum token standard that defines non-fungible tokens

Answer

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

Question 5

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

Accepted Answer

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

Answer

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.

NFT - Art Practice Test

NFT - Art Practice Test

NFT Introduction to NFT Art 3