NFTs, Coins, and Tokens – Do You Know What’s What?

Crypto terms are everywhere—but do you actually know what they mean? Let’s test your knowledge and see if you’re Web3 ready or just scrolling through the lingo.

Instructions: Choose the answer that sounds most like you. Tally your points and check your results at the end!

1. What is a coin in the crypto world?

A. A cryptocurrency that operates on its own blockchain. (5 points)

B. Any digital money used in crypto transactions. (3 points)

C. Just a slang term for Bitcoin. (1 point)

D. No idea—aren’t all crypto the same thing? (0 points)

2. What’s a token?

A. A digital asset built on an existing blockchain like Ethereum. (5 points)

B. A reward you get from mining crypto. (3 points)

C. A fancy name for a virtual coin. (1 point)

D. Something gamers collect? (0 points)

3. What makes NFTs different from coins or tokens?

A. NFTs are unique and non-interchangeable, like digital art or collectibles. (5 points)

B. They’re just another form of cryptocurrency with a cool name. (3 points)

C. I think NFTs are profile pics of monkeys? (1 point)

D. Aren’t NFTs the same as tokens? (0 points)

4. You see an NFT collection drop online. What’s your reaction?

A. I check if it’s legit, research the project, and maybe invest. (5 points)

B. I’ve seen them before, but I’m still not sure what they’re for. (3 points)

C. I scroll past—it’s probably a scam. (1 point)

D. What’s an NFT collection? (0 points)

5. What’s an example of a coin?

A. Bitcoin or Ethereum—they each have their own blockchain. (5 points)

B. Shiba Inu—it’s all the same, right? (3 points)

C. DogeNFT sounds like one. (1 point)

D. I don’t know. Are these like Chuck E. Cheese tokens? (0 points)

6. Can a token be used for more than just buying things?

A. Yes—some tokens represent voting rights, memberships, or assets. (5 points)

B. Yes, but only within crypto games. (3 points)

C. I thought tokens were just crypto coins with a different name. (1 point)

D. No clue what tokens even do. (0 points)

7. What does NFT actually stand for?

A. Non-Fungible Token – a unique digital asset. (5 points)

B. Non-Financial Technology? Maybe? (3 points)

C. No Free Trades? (1 point)

D. I’ve heard it 100 times but still don’t know. (0 points)

SCORE BREAKDOWN

30–35 Points: Web3 Wizard

You know your coins from your tokens, and your NFTs from your JPEGs. You’re ready to navigate the blockchain, invest wisely, and maybe even mint something yourself.

22–29 Points: Crypto Conversationalist

You know enough to follow the conversation, but there’s still some room to grow. You’ve got the foundation—now it’s time to go deeper and sharpen your crypto smarts.

13–21 Points: Techy but Timid

You’ve seen the terms, but things still feel fuzzy. That’s okay—Web3 isn’t built overnight! With some guidance and the right info, you’ll be fluent in no time.

Below 13 Points: Crypto Confused

Right now, you’re blending NFTs, coins, and tokens into one big digital soup. Don’t worry—it’s not too late to learn. This is your sign to start building your blockchain basics.