Altcoin: Any cryptocurrency other than Bitcoin. These can include Ethereum (ETH), Polygon (MATIC), Solana (SOL), and many others.
B
Blockchain: A decentralized, distributed ledger technology that records transactions across multiple computers in a way that ensures the security, transparency, and immutability of the data.
Blockchains: Blockchain networks such as Tron, Stellar, NEO, Corda, Ethereum, MultiChain, EOS, IBM Blockchain, Hyperledger Fabric, OpenChain, Quorum, & NEM.
Bitcoin: The first and most well-known cryptocurrency, created by an anonymous person or group of people using the pseudonym Satoshi Nakamoto in 2009.
C
Crypto Art: Digital art that is tokenized and sold as an NFT.
Cryptocurrency: A digital or virtual currency that uses cryptography for security and operates independently of a central bank. Bitcoin is the most well-known example.
Cryptokitties: One of the earliest NFT-based games, where users can buy, sell, and breed digital cats on the Ethereum blockchain.
Crypto Wallet: Software or hardware that allows users to store and manage their cryptocurrencies.
Cryptocurrency Exchange: Platforms where cryptocurrencies can be bought, sold, or traded for other digital or traditional currencies.
Cryptocurrency Mining: The process of validating transactions and adding them to the blockchain, typically using powerful computers to solve complex mathematical problems.
Cryptopunk: A series of 10,000 unique collectible characters created as NFTs on the Ethereum blockchain.
D
Decentralized Autonomous Organization (DAO): An organization represented by rules encoded as a computer program that is transparent, controlled by organization members, and not influenced by a central government.
Drop (NFT Drop):Â The release of a new collection of non-fungible tokens (NFTs) by an artist, brand, or creator, typically announced in advance and made available for purchase or distribution at a specific time and through designated platforms.
E.
Ethereum: A decentralized platform that enables smart contracts and decentralized applications (DApps) to be built and operated without any downtime, fraud, control, or interference from a third party.
M
Marketplace: A platform where NFTs and cryptocurrencies are bought, sold, and traded.
Meme Coin: A type of cryptocurrency usually created with humorous or satirical intent, often featuring internet memes and cultural references, and typically lacking serious underlying technology or utility.
Minting: The process of creating or issuing new NFTs, often involving the creation of unique digital assets and recording them on a blockchain.
N
Non-Fungible Token (NFT): A digital asset that represents ownership or proof of authenticity of a unique item or piece of content, typically stored on a blockchain.
S
Smart Contract: A self-executing contract with the terms of the agreement between buyer and seller being directly written into code. Smart contracts automatically execute and enforce when predefined conditions are met.
T
Tokenization: The process of converting rights to an asset into a digital token on a blockchain.
U
Utility Token: A type of cryptocurrency that provides users with access to a product or service, usually within a blockchain-based platform.
W
Web3: A vision of the internet that is decentralized, where users have more control over their data and interactions, often enabled by blockchain technology.
This glossary includes most common terms relevant to NFTs, cryptocurrencies, and blockchain technology, & was mostly written by Ai.
Altcoin: Any cryptocurrency other than Bitcoin. These can include Ethereum (ETH), Polygon (MATIC), Solana (SOL), and many others.
B
Blockchain: A decentralized, distributed ledger technology that records transactions across multiple computers in a way that ensures the security, transparency, and immutability of the data.
Blockchains: Blockchain networks such as Tron, Stellar, NEO, Corda, Ethereum, MultiChain, EOS, IBM Blockchain, Hyperledger Fabric, OpenChain, Quorum, & NEM.
Bitcoin: The first and most well-known cryptocurrency, created by an anonymous person or group of people using the pseudonym Satoshi Nakamoto in 2009.
C
Crypto Art: Digital art that is tokenized and sold as an NFT.
Cryptocurrency: A digital or virtual currency that uses cryptography for security and operates independently of a central bank. Bitcoin is the most well-known example.
Cryptokitties: One of the earliest NFT-based games, where users can buy, sell, and breed digital cats on the Ethereum blockchain.
Crypto Wallet: Software or hardware that allows users to store and manage their cryptocurrencies.
Cryptocurrency Exchange: Platforms where cryptocurrencies can be bought, sold, or traded for other digital or traditional currencies.
Cryptocurrency Mining: The process of validating transactions and adding them to the blockchain, typically using powerful computers to solve complex mathematical problems.
Cryptopunk: A series of 10,000 unique collectible characters created as NFTs on the Ethereum blockchain.
D
Decentralized Autonomous Organization (DAO): An organization represented by rules encoded as a computer program that is transparent, controlled by organization members, and not influenced by a central government.
Drop (NFT Drop):Â The release of a new collection of non-fungible tokens (NFTs) by an artist, brand, or creator, typically announced in advance and made available for purchase or distribution at a specific time and through designated platforms.
E.
Ethereum: A decentralized platform that enables smart contracts and decentralized applications (DApps) to be built and operated without any downtime, fraud, control, or interference from a third party.
M
Marketplace: A platform where NFTs and cryptocurrencies are bought, sold, and traded.
Meme Coin: A type of cryptocurrency usually created with humorous or satirical intent, often featuring internet memes and cultural references, and typically lacking serious underlying technology or utility.
Minting: The process of creating or issuing new NFTs, often involving the creation of unique digital assets and recording them on a blockchain.
N
Non-Fungible Token (NFT): A digital asset that represents ownership or proof of authenticity of a unique item or piece of content, typically stored on a blockchain.
S
Smart Contract: A self-executing contract with the terms of the agreement between buyer and seller being directly written into code. Smart contracts automatically execute and enforce when predefined conditions are met.
T
Tokenization: The process of converting rights to an asset into a digital token on a blockchain.
U
Utility Token: A type of cryptocurrency that provides users with access to a product or service, usually within a blockchain-based platform.
W
Web3: A vision of the internet that is decentralized, where users have more control over their data and interactions, often enabled by blockchain technology.
This glossary includes most common terms relevant to NFTs, cryptocurrencies, and blockchain technology, & was mostly written by Ai.
In the existence of Classy Savage, where extraordinary creatures roam and live their best lives, there was one member who stood out with a flair for the fantastical and a penchant for the sweet. His name was Leo Wonka, a lion with a mane of spun sugar and a personality as vibrant as the candies he created.
Leo Wonka’s domain was a colossal candy factory, a place where dreams and flavors melded into a symphony of taste. The factory, a towering structure of candy-colored bricks and licorice lace, was a marvel in itself. Inside, conveyor belts whirred with the rhythmic hum of production, and the air was perpetually filled with the delightful scent of bloody chocolate, gutsy caramel, and fermented fruits.
Leo, with his insatiable sweet tooth, was the master confectioner of this sugary empire. He was a total savage when it came to his craft, relentlessly pursuing the perfect blend of taste and artistry. His creations weren’t just candies; they were edible masterpieces, eye candy in the truest sense. Lollipops swirled with mesmerizing patterns, chocolates molded into intricate shapes, and gummies dosed with dank that danced with vibrant colors.
Assisting Leo in his confectionery endeavors were his trusty Oompa Loompas, small, industrious creatures with a shared love for all things sweet. They scurried around the factory, mixing vats of molten chocolate, shaping candies with precision, and adding the final touches that made each treat a work of art.
One day, Leo decided to create a new line of candies, ones that would outshine anything the multiverse had ever seen. He called them “Eye Candy,” literally sugar-coated eyeballs on a stick; designed to dazzle the senses and delight the taste buds. These candies burst with flavor.
Word of Leo’s Eye Candy spread like wildfire, attracting creatures from all dimensions of the multiverse. Everyone wanted to taste the magic that Leo had conjured in his factory. But despite the frenzy, Leo remained grounded, always focused on his craft and the joy it brought to others.
One evening, after a long day of candy making, Leo stood on the balcony of his factory, gazing at the twinkling lights of the city. He savored a piece of his latest creation, a candy that tasted of wild prey, doused with delicious dank; then smiled. For Leo Wonka, the true sweetness of life wasn’t just in the candies he made, but in the happiness they brought to those who enjoyed them. In that moment, surrounded by the candies of his labor and the songs of his Oompa Loompas, Leo knew he was living his sweetest dream.