Tokenization of Assets and NFT-Based Business Models BBLC Practice Questions (Page 10)

Questions 46–50

1. 46foundation · easy

   In the context of blockchain, what does asset tokenization primarily involve?

   • AEncrypting an asset's data so only the owner can access it
   • BConverting a cryptocurrency into a fiat currency
   • CStoring a physical asset in a blockchain node
   • DCreating a digital representation of a physical or digital asset on a blockchain
   Reveal Solution Discussion Select an answer first
2. 47application · medium

   A gaming company wants to sell in-game items as NFTs. Some items are identical (e.g., health potions) and others are unique (e.g., legendary swords). Which token standard is most efficient for both types?

   • AERC-721 for all items
   • BERC-998
   • CERC-1155
   • DERC-20 for all items
   Reveal Solution Discussion Select an answer first
4. 48application · medium

   A marketplace for tokenized art wants to improve price discovery for rare NFTs. Which feature is most effective?

   • ARestricting bidding to verified users
   • BRemoving historical sales data
   • CAuction mechanisms
   • DFixed pricing for all items
   Reveal Solution Discussion Select an answer first
5. 49foundation · easy

   Which business model directly leverages NFTs to monetize digital art?

   • ASelling limited-edition digital artworks as NFTs
   • BAdvertising on a social media platform
   • CCharging fees for cloud storage
   • DSubscribing users to a streaming service
   Reveal Solution Discussion Select an answer first
6. 50foundation · easy

   What is a benefit of tokenizing a bill of lading in trade finance?

   • AIt eliminates the need for physical shipping
   • BIt provides a tamper-proof digital record of ownership and transfer
   • CIt guarantees the price of the goods
   • DIt automatically clears customs
   Reveal Solution Discussion Select an answer first