Test Your Knowledge
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1. What was the primary significance of CryptoPunks in the NFT market?
A) First major NFT project, setting the standard for NFT technology
B) First collection to use the ERC-20 token standard
C) First NFT collection to be sold at auction
D) First NFT collection to feature celebrity endorsements
2. What additional benefit do holders of Bored Ape Yacht Club (BAYC) NFTs receive?
A) Access to exclusive physical events
B) Membership in the Bored Ape Kennel Club (BAKC)
C) Free Mutant Serum for each NFT
D) Ownership of shares in the BAYC project
3. What controversy surrounded Azuki NFTs following its launch?
A) The NFT artwork was stolen from another artist
B) The project's founder admitted to abandoning previous NFT projects
C) The tokens were fraudulently minted in large quantities
D) The collection faced legal challenges for being too similar to CryptoPunks