a) They don’t gain any value
b) They don’t lose their value and tokens have intrinsic values
c) They are same as Bitcoin
d) None of these
b) They don’t lose their value and tokens have intrinsic values
Explanation: They are coins that do not lose their value. Unlike most cryptocurrencies, tokens have intrinsic values. Tokens can incorporate characteristics from artworks (determined by the owner), as well as physical assets such as real estate, gold or even diamonds. The worth and popularity of a token depends on the recognition of its rarity and value in the real world.
A platform based on Ethereum network, NFT are a new kind of digital assets which could be transfer from one owner to another. NFTs are registered on the blockchain with a specific identifier, recorded on-chain and owned exclusively by their creators. NFTs provide low-cost verifiable scarcity for game items and virtual collectibles and can be used in the exchange of virtual goods or trade them for other cryptocurrencies via any platform supporting ERC-721 tokens.
NFTs are a new type of cryptocurrency built on Ethereum. Some of the top cryptoassets like CryptoKitties and Pepe became NFTs