WHAT ARE NFTs USED FOR
A) Domain Names B) Payment System C) Movie ChannelANSWER A)
Naming standards such as the Ethereum Naming Service (ENS) have been developed for naming wallets, websites, and other blockchain applications. This helps make the blockchain more user-friendly, with more readable names and built-in verification.
WHERE ARE NFTs TRADED?
A) NYSE B) ONLINE BROKER C) DIGITAL EXCHANGESANSWER C)
NFTs are traded at digital exchanges like OpenSea. Tradability is similar to Stocks and Bonds.
WHERE CAN I DEPOSIT NFTs?
a) MY ONLINE BROKER DEPOSIT B) MY BANK DEPOSIT C) MY PERSONAL WALLETAnswer C)
Nfts are deposit in your personal Wallet. Only you have access to it. you can open your wallet simmilar to any broker or bank account digital at a variety of providers like METAMASK. It´s easy and takes just a view minutes.
DO I NEED CRYPTO CURRENCIES TO BUY NFTs?
A) ALWAYS B) PROVIDER DEPENDEND C) NEVERAnswer B)
It depends on the platform provider. At the beginning of NFTs you had to buy them via crypto currencies. Meanwhile platform providers offer FIAT currencies like USD and EUR in addition. At NFTARTHOUZE you have both alternatives as well.
