1. It is crucial to conduct your own research before investing in a project. Which of the following options are the best tools for DYOR (Do Your Own Research)?

• Read the project’s whitepaper, analyze its activity on Etherscan, and ask the official team members and moderators questions on Discord. Evaluate the answers and most importantly be patient.

  2. Gigi receives an email from a famous celebrity offering an enticing giveaway. The email asks Gigi to enter her recovery phrase on a secret link to claim the reward. What should Gigi do?

• -Never share her recovery phrase with anyone, under any circumstances.

  3. On a single Ledger device, you have the option to create multiple accounts for different use cases. What approach is recommended for segregating your assets in these accounts?

• Create separates accounts for specific use cases such as: minting NFTS ,bying and selling on trusted marketplaces, and vault account(s) for high value assets.

  4. Ledger allows you to easily create and manage multiple accounts from one device. Each account's security is separate from the others (as long as you don't lose your se ed phrase). But why is it important to segregate your assets in different accounts?

• -By creating dedicated accounts for specific use cases,you significantly reduce the potential risks of signing malicious trans tha may jeopardize all of your holdings.

5. Set Approval For All (SAFA) is a function that can be dangerous for your NFT collections. What are the potential risks associated with SAFA?

• -All of the listed statements are potentioal risks associated with using SAFA.

  6.Ogee is minting an NFT and has encountered two smart contract functions "SafeTransferFrom" and "SetApprovalForAll" on his wallet interface. What should he do?

• -Cancel the transaction as the smart contract may aim to take away some of his digital assets or misuse them.

  7. Which of the following options describes the function of the Ledger browser extension?

• -All listed answers.

  8.Blind signing can be risky, but there are ways to protect yourself. For instance, did you know that smart contract functions can help you detect warning signs? But what exactly is a smart contract function, and where does it appear?

  • It is a piece of code that directs the contract to carry out…….whit a smart contract.

    9.How should Gigi respond to a customer support agent offering an exclusive cryptocurrency giveaway in exchange for "confirming a message" on her wallet?

  • -Not sign the transaction, as it is most likely a scam to steal some or all of her crypto assets.

    10.Blind signing refers to the act of signing a smart contract without the ability to verify its data in a human-readable form. Why can this be problematic for your NFTs and valuable digital assets?

  • -It may lead you to approve a malicious……se the full details.

  11.Smart contracts are a key component of Web3. What vulnerabilities do they pose when signing blockchain transactions?

  • -Wallets may not always display smart contract data…..to blind signatures.

    12.Ledger Live is a powerful tool that serves multiple purposes in the world of Web3. Which of the following best describes its functions?

    -All listed answers are correct – Ledger Live is your ……………whit ease and convenience.

    13. You have recently purchased your first Ledger device, and you want to ensure the security of your Deadfellaz NFTs. What is the recommended method for securing your NFTs?

    -Create a new account using Ledger Live, first send a test transaction, and then send your assets to your newly generated public address.

    14. Which features of the Ledger ecosystem can help you safeguard your valuable Deadfellaz NFTs?

    All mentioned features work together to provide an unparalleled level of protection for your Deadfellaz NFTs.

    15. If your Ledger device gets lost or stolen, how can you be sure that nobody else can use it to access your Deadfellaz NFTs?

    -All listed answers

    16. Which of the following is a False statement regarding private keys generated through a software wallet that runs on an internet-connected device such as laptop or smartphone?

    -Your keys will always remain secure since they are stored offline.

    17. When managing your Deadfellaz NFTs, what is the role of a crypto wallet?

    -It creates and secures the private keys to your blockchain address which records the ownership of your DeadFellaz NFT.

    18. What is a recovery phrase?

    -A backup phrase generated…………stored in your wallet.

    19. Which of the following statements most accurately describes "private keys” in the context of your digital assets like crypto and NFTs?

    -Private keys prove prove ownership of assets and authorize their transfers………………to blockchain transactions

    20. Your NFTs are represented as tokens on the blockchain, which serves as the receipt of your digital asset. So, where is the actual file, such as a JPEG image, of your NFT stored?

    -On a centralized server or Interplanetary File System IPFS as the file is too large for the blockchain.

    21. In Web3, you have absolute control of your assets because you can own them without relying on a bank or middleman. So where is the record of ownership for your digital assets stored?

    -On the Blockchain, a distributed ledger that records all transactions in a secure and transparent manner.

    22.Which of the following accurately describes the ownership of a Deadfellaz NFT?

    -It refers to a record on a blockchain of your account currently……………digital asset.

    23. Blockchains play a pivotal role in enabling Web3 innovation. What core innovation does Web3 bring to data and digital assets?

    -Enables full ownership over data and digital assets ……. for intermediaries.

    24. Why does recovering a software wallet on your new Ledger device leave your crypto at risk?

    -If your private keys have been exposed to the internet , securing them on a Ledger………..accessed it.

    25. What is the primary purpose of a signature in the context of a blockchain transaction?

    -To confirm the agreement of the user to initiate a given transaction.