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Nft
text: Which NFT platform does not charge a fee in the initial minting process?, correct: OpenSea, incorrect: Rarible,Binance,SuperRare, fun fact: OpenSea gives a lot of artistic creators a chance to raise awareness of their NFTs without paying upfront. Instead, the platform charges a 2.5% fee at the time of sale.,text: Which blockchain network hosts the majority of NFTs?, correct: Ethereum, incorrect: Bitcoin,Dogecoin,Litecoin, fun fact: Ethereum offers the chance to mine fungible currencies like its ETH tokens, but it also costs non-fungible tokens.,text: What is the word for the process of adding NFTs to the blockchain?, correct: Minting, incorrect: Debuting,Displaying,Showcasing, fun fact: Minting describes how an artist's unique artwork or collectible packet of data is added to the trading network.,text: What is one of the primary purposes of blockchain technology for NFTs?, correct: Proof of provenance, incorrect: Creation of physical value,Tracking every artist who has created something,Reducing competition, fun fact: One of the benefits of the blockchain is that it proves to buyers and sellers that the NFT being bought or sold is unique. The blockchain verifies that no other token precisely like it exists.,text: What is the upper limit for the majority of NFT sales?, correct: $200, incorrect: $100,$300,$250, fun fact: Many NFT sales hover at the $100 mark, and over 50% don't quite reach selling for a full $200.,text: When was the first NFT introduced?, correct: 2014, incorrect: 2009,2013,2017, fun fact: The first NFT, Quantum, appeared in May 2014 and has since sold for as much as $1.4 million in November 2021.,text: What was the percentage of increase in NFT trading volume in mid-2021?, correct: 704%, incorrect: 512%,897%,490%, fun fact: Q3 2021's worldwide NFT transactions hit a value of $10.7 billion, an eightfold increase over the previous quarter.,text: How much did the current record-holder for the most expensive NFT sell for?, correct: $91.8 million, incorrect: $122 million,$54.3 million,$77.7 million, fun fact: The piece of artwork, entitled "The Merge," netted the artist Pak the highest payout for any public art purchase from a living artist.,text: Approximately how much was spent on NFTs in 2021?, correct: $41 billion, incorrect: $36 billion,$54 billion,$900 million, fun fact: This amount spent on NFTs was less than $10 billion under the amount spent on physical antiques and works of art.,text: What does "NFT" stand for?, correct: Non-fungible token, incorrect: Non-fun trials,Non-financial transactions,No frank talks, fun fact: The "token" in an NFT is a piece of digital data, often representing an image or video. Each NFT is unique and non-interchangeable, which is why they are called "non-fungible.
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NFT
Which NFT platform does not charge a fee in the initial minting process?
SuperRare
OpenSea
Binance
Rarible
