"Your step-by-step guide to learn all about the NFT ecosystem."

Game where you won’t have to think of a strategy to win.

Free gift sent directly on a wallet.

Basic gameplay but require skill to finish the game

An asset represents a digital store of value hosted on a blockchain. Can be fungible (token) or not (non-fungible token).

Type of auction created by the Dutch where an asset price is decreasing during a defined period of time.

Type of auction created by the English where an asset price is increasing during a defined period of time.

Market period when sellers outnumber buyers.

Being pessimistic about a project or a news

Offer made by a buyer.

Communication channel open for a certain period of time between two parties that allows both to send and receive crypto.

The first decentralized Cryptocurrency in history, often referred to as Digital Gold. This term refers to the cryptocurrency (also called BTC) and the blockchain network. Originating after the 2008 financial crisis and the first to utilize a decentralized P2P network.

Blockchain search engine for transaction, wallet and smart contract.

Decentralized ledger where the cryptocurrencies’ transactions are registered and verified.

Using a decentralized blockchain rather than a centralized server. In-game NFT assets are distributed across the network and are interoperable between games. Their scarcity is verifiable.

Tool to transfer token or cryptocurrency from a protocol to another. For example: bridging ETH from Polygon to Ethereum.

People working on the different use-cases linked to a blockchain. The misspelling is in reference to the famous HODL.

Being optimistic about a project or news.

Action to reduce the supply of a token.

Basic gameplay with short-timed attention required

Crypto wallet disconnected from internet

A project, the aim of which is to be collected. They may be avatars (PFP), animals, aliens or any other type of digital item. These collectable assets may have several uses from forming part of a community and being used for video games.

Originally said for artists being part of the crypto-art movement. Used today for creatives, including visual artists, musicians and filmmakers who choose to publish their work as an NFT on a blockchain.

Running on a trustless peer to peer network, cryptocurrencies transactions are verified and maintained by a decentralized system of computer nodes using cryptography.

Which uses encryption algorithms to transmit data securely.

Dapps stand for Decentralized applications. They are an interface for smart contracts and are not controlled by a centralized source.

Group of individuals forming an online organization to support a cause or to create an independent community. Their governance decisions are made through a decentralized processus.

Decentralised finance represents many of the usual financial products we are used to including loans and bonds but using the exchange of crypto tokens.

Method used to validate transactions on the blockchain through delegating the voting power to a trusted authority, such as EOS or WAX.

Sale that causes an asset to lose value.

Game where the main goal is to finish dungeons.

Acronym for ‘Do Your Own Research’. Meaning you should do some research about the team, the project, the tokenomics of a project.

A type of transaction that occurs only when a channel on the Lightning Network (second layer of Bitcoin) is opened. It saves on Bitcoin the current state of exchanges between the parties without closing the channel.

Delegated Proof of Stake protocol created by EOS.IO. This protocol can be cloned to create its own blockchain. Two blockchains are using this protocol: EOS and WAX.

Ethereum Request for Comment, token standard for the Ethereum network.

The token standard for fungible tokens on Ethereum.

The token standard for Non-Fungible Tokens on Ethereum.

Blockchain using a Proof of Work consensus to become a decentralized programmable software platform. It allows developers to create Dapps without building their own blockchain. Its native currency is Ether or ETH.

A game where the rhythm of the actions is quick and requires good reflexes.

Acronym for Fear, Uncertainty and Doubts. Used when unverified informations are being shared, causing a loss of legitimacy of a project.

Each action or transaction on the blockchain requires a fee. On Ethereum, the Gas is the fee you pay and its prices fluctuate depending on the network’s utilisation.

Game where the camera is showing what the character sees through his eyes.

Trader who buys low to sell at higher price on a short period of time.

Lowest ask of an NFT collection.

Fungibility is an assets ability to be interchanged with another asset of the same nature and quality. A Fungible Token isn’t unique and be exchange with the same token.

Acronym for Good Morning. Someone is wishing you a good morning. Will you answer good morning?

Acronym for Good Night. Someone is wishing you a good night. May also be used to say goodbye to a project.

Physical crypto wallet. An interaction in real world is needed to send a transaction.

Crypto slang for a person who holds their assets for a long time as opposed to flipping assets on a trade. First coined in 2013 on the Bitcoin Forum by an allegedly inebriated user with the now iconic phrase, ‘I AM HODLING’.

Online crypto wallet (always connected to the Internet).

Way of fundraise a project through a token sale.

Procedure requiring identity verification (phone number, ID, photo…) before making a purchase or registration on a platform.

Second Layer Protocol for Bitcoin. Created to scale Bitcoin in order to send more, cheaper and faster transactions.

Resource used in Decentralized Finance to ensure liquidity between two tokens or cryptocurrencies. Learn more in our Liquidity Mining chapter.

Every virtually simulated ecosystem like a city or a life need to be managed.

Platform to exchange digital assets.

Game where players can play online each others in a virtual world.

Properties related to a token. I.e: number of edition, traits, quality, attributes, etc.

Interconnected virtual worlds. NFTs mainly represent virtual land, they can also take the form of ‘wearables’ and and accessories to personalize your avatar.

Miners are computers running software connecting them to the network, using their time and computing power to process transactions and create blocks which are added to the Blockchain.

Achieved by powerful computers connected to the Ethereum network and solving complex mathematical problems. This PoW or Proof of Work mining system gives ‘Miners’ Ethereum rewards for the work done.

Minting is the process of creating an NFT, you can ‘Mint’ your own tokens by writing an NFT contract or use one of the many platforms dedicated to the creation of NFT.

Nodes are used to keep the record of every transaction that occurred on the blockchain. Can be used to validate transaction, keep a partial or a full record of the transactions.

A unique digital asset, Non-Fungible means each asset is individual and can’t be replaced with another. Humans are Non-Fungible. The Token is information which is validated and held on a suitable Blockchain.

Any action made outside a blockchain (Credit Card payement, Web2 login…).

Any action recorded on blockchain (transaction, transfer, mint, etc.)

Used when the whole map is accessible for exploration to the player.

Digital avatars that have been generated through an algorithm.

Where time spent within a game can be monetized. For example by selling in-game objects you obtained on an open market or by leasing out your earned (digital assets, land, wearables, etc.)

Private address used to send transactions. This should be kept secret. NEVER share your private key!

Method used to validate transaction on the blockchain by a small group of trusted authority.

Method used to validate transaction on the blockchain through staking a cryptocurrency.

Method used to validate transaction on the blockchain through solving equations with computational calculations.

Public address to receive crypto transactions.

Market movement that causes an asset to earn value.

Game to build an empire in real-time, meaning your competitors are doing the same and can attack you at any moment.

A familiar word used to describe a brutal and savage loss, usually referring to a negative financial investment.

Future objectives of a project.

Role Playing Game, a gaming genre based on your control of a character in a digital world. The character can be developed overtime through attaining quests and overcoming challenges.

Smallest unit of Bitcoin. 1 satoshi represents 0.00000001 BTC

Overlay of a blockchain used to provide additional functionality while keeping the security of the first layer (i.e Lightning Network and Bitcoin).

12 or 24 words used to recover your crypto-wallets. The backup of the Seed Phrase should not be hidden in the same room as the wallet.

SFT is a mix between a Non-Fungible Token and a Fungible Token. Much like Fungible Tokens to the developer but to the end user the token functions as an indistinguishable copy of another token in the same set. SFT can be sold as either a bundle of the same token or individually.

Action where the signature from the crypto-wallet is needed. Used to prove your identity (by owning the private key).

A program which runs on a Blockchain, a collection of code and data that has been stored at a specific address on its Blockchain. A type of pre-programmed account with pre-defined functions. User accounts interact by submitting transactions, the code enforces the rules.

Token linked to an individual or organization with the objective of promoting a community and their social interactions.

Game where a strategy is needed to move forward.

Mostly distributed during ICO or Airdrop, tokens are dependents on a cryptocurrency and its blockchain. They usually meet a standard like ERC so that the rest of the Ethereum blockchain can interact with them.

Card game where players fight against other players or collect rare cards.

Action on a blockchain which sends crypto-currency or interacts with a smart contract to store or initiate different programs. For example: Transferring an NFT.

Number of transaction validated on the blockchain per second.

3D version of a pixel.

Crypto-wallet to store crypto-currency and tokens.

Wealthy wallet with a valuable portfolio of cryptocurrency, NFT assets or both.

Signature method used to reduce transaction fees.

Method used to validate transaction anonymously.