Understanding NEAR Tokens – Learn NEAR Club lncer.near (2,550 nL) 2 nL 4 nL 8 nL 👍Tip 2 nL To Share and +4 nLEARNs Login with NEAR Q1: What is a key characteristic of Fungible Tokens (FTs) on NEAR? 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! Q2: Which statement is true about Non-Fungible Tokens (NFTs) on NEAR? 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 You can mint yourself FREE LNCer NFT here: https://learnnear.club/lncer/ Correct! Wrong! Q3: Which of the following is a correct key difference between FTs and NFTs? 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!
