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Test Your Knowledge

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Fungible vs Non-Fungible Tokens

Question 1:


What is a key characteristic of fungible tokens?

A. They are unique and cannot be exchanged equally.


B. They are interchangeable and identical in value.


C. They represent ownership of physical assets.

Question 2:


Which of the following is a key characteristic of Non-Fungible Tokens (NFTs)?

A. Each NFT is unique and cannot be replicated.


B. They can be exchanged on a one-to-one basis.


C. They represent only cryptocurrencies.

Question 3:


What is a common use case for NFTs?

A. Representing unique digital items such as art and collectibles


B. Store of value


C. Stablecoins for transactions

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