With reference to Non-Fungible Tokens (NFTs), consider the following statements:1. They enable the digital representation of physical assets.2. They are unique cryptographic tokens that exist on a blockchain.3. They can be traded or exchanged at equivalency and therefore can be used as a medium of commercial transactions.Which of the statements given above are correct? - Study24x7
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Ankit Rathi
30 Oct 2023 12:58 PM study24x7 study24x7

With reference to Non-Fungible Tokens (NFTs), consider the following statements:
1. They enable the digital representation of physical assets.
2. They are unique cryptographic tokens that exist on a blockchain.
3. They can be traded or exchanged at equivalency and theref...

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A

1 and 2 only

B

2 and 3 only

C

1 and 3 only

D

 1, 2 and 3

UPSC
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