NanoQuiz#3 Understanding NEAR Tokens - Learn NEAR Club

They are unique and cannot be exchanged on a one-to-one basis

They are stored directly in the user's account

They are identical and can be exchanged on a one-to-one basis

They do not need to adhere to any standards

Correct! Wrong!

NFTs are identical and interchangeable

NFTs represent unique digital assets and cannot be exchanged on a one-to-one basis

NFTs do not adhere to any standards

NFTs are ideal for standard transactions like payments

Correct! Wrong!

FTs are unique and non-interchangeable, while NFTs are identical and interchangeable

FTs are used to represent unique assets like digital art, while NFTs are used for standard transactions like payments

FTs are used in staking programs to earn rewards, while NFTs can represent digital identity or avatars

FTs and NFTs are both used for the same purposes and are interchangeable

Correct! Wrong!

NanoQuiz#3 Understanding NEAR Tokens – Learn NEAR Club