NFTs 101

Digital tokens that can be exchanged for other tokens of the same value

Digital tokens that represent ownership of physical assets

Unique digital tokens that represent ownership of a specific cryptocurrency

Unique digital tokens that represent ownership of a specific asset or piece of content (correct)

Using smart contracts (correct)

Using traditional banking systems

Using physical contracts

Using cryptocurrency exchanges

They allow creators to sell their work on traditional art marketplaces

They allow creators to retain control over their work (correct)

They allow creators to sell their work for a lower price

They allow creators to give away their work for free

<p>A decentralized digital ledger that records transactions in a secure and transparent way</p> Signup and view all the answers

<p>They could help to prevent copyright infringement and other types of intellectual property theft</p> Signup and view all the answers