What is an NFT?
Coinbase strives to hire candidates that are passionate about crypto and other digital trading technologies. Interviewers ask this question to determine if a candidate is knowledgeable about this industry concept behind one of the growth products Coinbase is actively pursuing.
Remember to offer an easy-to-understand example or metaphor in your example. Product managers are often required to teach others about new and highly technical concepts before they gain popularity. Interviewers appreciate candidates who demonstrate they can easily create understanding in these situations.
"NFT stands for non-fungible token. NFTs are digital proofs of authenticity that are used to trade digital assets like music, art, or real estate. Non-fungible means that the token is unique and cannot be changed. Digital assets are easily copied and trading an asset with an NFT proves that the asset is the original and a valid purchase. The concept is similar to selling an antique or sports memorabilia item alongside a certificate of authenticity.
NFT exchanges leverage the same blockchain technology that is used by Bitcoin and other cryptocurrencies. Several crypto trading platforms now offer NFT purchase and exchange in addition to crypto trading."
