Top gk questions on NFT

Gk questions on NFTs in the form of quiz will help you to learn and understand the what are NFTs ?

Quiz on NFTs will not only give you basic information on non-fungible tokens even you will learn many more with enjoyment.

Mostly NFTs are part of the Ethereum blockchain. Like bitcoin, Ethereum is a cryptocurrency . Lets try to give the answers on below questions on NFT.

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#1. What is NFT ?

NFT stands for non-fungible token.

NFT stands for non-fungible token.

A NFT is minted as a representation of a digital or non-digital asset.

A NFT is minted as a representation of a digital or non-digital asset.

NFTs could represent collectibles like trading cards, gifs, music, videos, animations etc.

NFTs could represent collectibles like trading cards, gifs, music, videos, animations etc.

All of the above

All of the above

#2. Who made NFT ?

Kevin McCoy

Kevin McCoy

Anil Dash

Anil Dash

Above of both

Above of both

None

None

#3. How much does it cost to mint a NFT ?

Numerous NFT wallets permit you to mint totally free

Numerous NFT wallets permit you to mint totally free

A few wallets charge somewhere in the range of $70 and $120

A few wallets charge somewhere in the range of $70 and $120

Both of above

Both of above

None of the above

None of the above

#4. Why do people buy NFTs ?

Because of encouraging cost of Bitcoin and distruct in the US dollar

Because of encouraging cost of Bitcoin and distruct in the US dollar

NFTs have produced billions of dollars

NFTs have produced billions of dollars

People gain the rights to the unique token on the blockchain

People gain the rights to the unique token on the blockchain

All of the above

All of the above

#5. Is Bitcoin non-fungible ?

True

True

False

False

Both of above

Both of above

None of the above

None of the above

#6. What is the most expensive NFT sold in 2021 ?

A) CryptoPunk #7523

A) CryptoPunk #7523

B) Everydays: the First 5000 Days

B) Everydays: the First 5000 Days

C) Beeple’s HUMAN ONE

C) Beeple’s HUMAN ONE

D) Pak’s ‘The Merge’

D) Pak’s ‘The Merge’

Finish

Conclusion

General knowledge on NFT plays a crucial role for learners to improve the general awareness of the affairs in NFT as well as related sectors, continuous learning of general knowledge is important. There are numerous ways to enhance the general knowledge.