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Test Your Knowledge

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What is an NFT token?

Question 1:


What does the term “non-fungible” mean in the context of NFTs?

A. The item is interchangeable with others of the same kind.


B. The item is unique and irreplaceable.


C. The item is easily replicable.

Question 2:


What is the primary function of an NFT?

A. To serve as a digital certificate of authenticity tied to an asset.


B. To act as a cryptocurrency for transactions.


C. To store large amounts of data.

Question 3:


What types of assets can be tokenized as NFTs?

A. Only digital art.


B. Anything, including movies, text, and collectibles.


C. Only physical assets like real estate.

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