Q. Consider the following statements:
1.A Non-Fungible Token (NFT) is a unique digital asset that is stored on a blockchain.
2.NFTs can represent anything from art to collectibles to in-game items.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation: A Non-Fungible Token (NFT) is a unique digital asset that is stored on a blockchain.

  • NFTs can represent anything from art to collectibles to in-game items.
  • They are often bought and sold with cryptocurrency, and their value can fluctuate wildly.

Source: FORUMIAS

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