NFT Sustainability Discussions Quiz

1. What is the primary environmental impact of NFTs?

• NFTs have no significant environmental impact whatsoever.
• The primary environmental impact of NFTs is reducing carbon emissions significantly.
• The primary environmental impact of NFTs is the generation of greenhouse gas emissions due to the energy consumption required for their creation, exchange, and storage.
• NFTs contribute positively to biodiversity and ecosystem preservation.

2. How much CO2 does an average NFT produce?

• 500 kg
• 350 kg
• 211 kg
• 100 kg

3. How many trees are needed to offset the carbon footprint of an NFT?

• 3.52 trees
• 10 trees
• 5 trees
• 1.75 trees

4. What is the most energy-intensive consensus mechanism used by many blockchain networks?

• Practical Byzantine Fault Tolerance
• Proof-of-work
• Proof-of-stake
• Delegated proof-of-stake

5. What is a more sustainable alternative to PoW?

• Proof-of-stake (PoS)
• Proof-of-identity (PoI)
• Proof-of-usage (PoU)
• Proof-of-reputation (PoR)

6. How did Ethereum’s transition to PoS affect its energy consumption and carbon footprint?

• Ethereum’s transition to PoS reduced its energy consumption and carbon footprint by over 99.9%.
• Ethereum’s transition to PoS increased its energy usage by 50%.
• Ethereum’s transition to PoS made it carbon neutral but increased energy consumption.
• Ethereum`s transition to PoS had no impact on its energy consumption or carbon footprint.

7. What is carbon offsetting in the context of NFTs?

• Carbon offsetting means converting NFTs into traditional art forms to limit their carbon footprint.
• Carbon offsetting refers to creating NFTs that focus on environmental themes without addressing emissions.
• Carbon offsetting involves investing in projects that reduce greenhouse gas emissions, such as reforestation or renewable energy development, to compensate for the emissions associated with NFT operations.
• Carbon offsetting is the process of removing NFTs from circulation to reduce environmental impact.

8. Which NFT marketplace has committed to becoming carbon neutral?

• OpenSea
• SuperRare
• Foundation
• Rarible

9. What is the role of Layer 2 scaling solutions in reducing NFT environmental impact?

• Layer 2 scaling solutions have no impact on NFT transaction costs or fees.
• Layer 2 scaling solutions completely eliminate the need for blockchain technology.
• Layer 2 scaling solutions reduce the number of transactions that need to be validated on energy-intensive blockchains.
• Layer 2 scaling solutions increase the amount of energy consumed in NFT transactions.

10. Which NFT collection has produced the second-worst environmental impact?

• Bored Ape Yacht Club
• CryptoKitties
• Rarible Collection
• Axie Infinity

11. How many primary sales of CryptoKitties NFTs have been made?

• 2.02 million
• 3.5 million
• 500,000
• 1.5 million

12. How many secondary purchases of CryptoKitties NFTs have been made?

• 892,390
• 500,000
• 1,000,000
• 1,200,000

13. What is the estimated total CO2 produced by CryptoKitties NFTs?

• 300 million kg
• 150 million kg
• 239.83 million kg
• 50 million kg

14. Which NFT collection has the third-biggest eco-impact despite producing over 200 million fewer kg of CO2?

• Pudgy Penguins
• Sorare
• Bored Ape Yacht Club
• Cool Cats

15. How many primary sales of Sorare NFTs have been made?

• There have been exactly 100,000 primary sales of Sorare NFTs.
• There have been over 500,000 primary sales of Sorare NFTs.
• There have been 1.5 million primary sales of Sorare NFTs.
• There have been just under 250,000 primary sales of Sorare NFTs.

16. What is the estimated total CO2 produced by Sorare NFTs?

• 35.44 million kg
• 50.12 million kg
• 15.85 million kg
• 20.71 million kg

17. Which blockchain does Axie Infinity use, and what is its environmental impact compared to Ethereum?

• Ronin
• Polygon
• Bitcoin
• Solana

18. How many sales have been made in the Axie Infinity collection?

• 18,576,109
• 5,300,404
• 10,978,245
• 1,250,000

19. What is the estimated total CO2 produced by Axie Infinity NFTs if they were on Ethereum?

• 100 million kg
• 500 million kg
• 750 million kg
• 1.5 billion kg

20. How many trees would be needed to offset the carbon footprint of Axie Infinity NFTs if they were on Ethereum?

• 35.8 million trees
• 10.7 million trees
• 25.3 million trees
• 15.2 million trees

21. What is the carbon footprint of driving a car for 100 miles?

• The carbon footprint of driving a car for 100 miles is less than that of generating and storing an NFT.
• The carbon footprint of driving a car for 100 miles is greater than breeding cattle for one year.
• The carbon footprint of driving a car for 100 miles is equal to flying a plane for 2 hours.
• The carbon footprint of driving a car for 100 miles is as high as manufacturing a new car.

22. How many times more carbon emissions do NFTs release compared to a piece of physical art?

• 45 times
• 78 times
• 92 times
• 120 times

23. How many emissions equivalent is the sale of a single NFT to driving the length of England?

• The sale of a single NFT is the emissions equivalent of driving 100 miles.
• The sale of a single NFT is the emissions equivalent of driving across the United States.
• The sale of a single NFT is the emissions equivalent of driving from London to Paris.
• The sale of a single NFT is the emissions equivalent of driving the length of England.

24. What percentage of people want to go greener?

• 75% of people want to go greener.
• 40% of people want to go greener.
• 60% of people want to go greener.
• 50% of people want to go greener.

25. What are some sustainable blockchain and NFT protocols being developed?

• Sustainable blockchain and NFT protocols include those using energy-efficient consensus mechanisms.
• Sustainable blockchain and NFT protocols include those producing excessive carbon emissions.
• Sustainable blockchain and NFT protocols include those based solely on centralized systems.
• Sustainable blockchain and NFT protocols include those utilizing proof-of-work mechanisms.

26. How can artists, buyers, and sellers contribute to NFT sustainability?

• Artists, buyers, and sellers can only use established NFT marketplaces to ensure sustainability.
• Artists, buyers, and sellers contribute by using any blockchain regardless of its energy usage.
• Artists, buyers, and sellers can contribute to NFT sustainability by choosing to use NFT platforms and blockchains that use less energy.
• Artists, buyers, and sellers can ignore energy consumption as NFTs are inherently eco-friendly.

27. What is the role of decentralized verification in ensuring the security of NFTs?

• Decentralized verification facilitates quick transactions but does not enhance security.
• Decentralized verification ensures the immutability and security of NFTs by associating them with blockchain technology.
• Decentralized verification prevents ownership transfer and is not related to NFTs.
• Decentralized verification increases NFT minting costs without providing security benefits.

28. How can NFTs help in ensuring ownership of physical assets?

• NFTs can help in ensuring ownership of physical assets by representing their ownership on a blockchain network and using tags and trackers to verify authenticity.
• NFTs validate ownership of physical assets through manual inspections by experts.
• NFTs prove ownership of physical assets by providing a paper certificate with a unique number.
• NFTs ensure ownership of physical assets by registering them with local authorities in a database.

29. What are some utilities that NFTs can offer beyond converting artwork and collectibles into unique digital assets?

• NFTs are limited to being status symbols with no functional use.
• NFTs can offer utilities such as supply chain tracking, early access to merchandise sales, and exclusive membership NFTs providing VIP privileges in real-life businesses or NFT communities.
• NFTs can only be used for trading digital art and collectibles.
• NFTs can solely represent ownership of crypto currencies in different platforms.

30. Can NFT metadata be changed?

• NFT metadata is always permanent.
• Yes, NFT metadata can be changed.
• Only some NFT metadata can be changed.
• No, NFT metadata cannot be changed.