GK Question

technology hard mcq

Which Web3 technology enables decentralized ownership and transfer of digital assets?

  1. Cloud Storage
  2. Blockchain/NFTs
  3. Centralized Databases
  4. APIs

Answer: Blockchain/NFTs

Blockchain with NFTs (Non-Fungible Tokens) enables verifiable digital ownership, provenance tracking, and peer-to-peer transfers without intermediaries. Applications: art, gaming, identity, supply chain. Critical for understanding Web3 and digital economy questions.

Topic Emerging Standards
Exam Relevance Banking, UPSC, SSC