Glossary
We define standard MVInside terms. In addition, we cover NFT slang, abbreviations, intentional misspellings, and Twitter terminology to give you a complete picture of the language surrounding NFTs, Metaverse, Cryptocurrency, etc.
We define standard MVInside terms. In addition, we cover NFT slang, abbreviations, intentional misspellings, and Twitter terminology to give you a complete picture of the language surrounding NFTs, Metaverse, Cryptocurrency, etc.
The highest value an NFT or token has ever been.
The lowest value an NFT or token has ever been.
Term used to denote something of value. A person, property, or skill can be thought of as an asset.
Also referred to as Cross-Chain Bridges, these enable the exchange of information, NFTs, and crypto between different blockchains.
A public ledger that is shared amongst a network of computers. Often associated with cryptocurrency, blockchains allow for the secure recording of data without the need for a third-party.
A feeling or instict for the deppreciation of a certain asset. The opposite of Bullish.
Digital art that is regarded as valuable as physical art. Usually minted as NFTs, and sold on NFT exchanges.
This is a type of digital currency, like Bitcoin, that uses cryptography to secure financial transactions and control the origination of new coins.
Acronym for Community Designated Sellers. These are people who set up wallet addresses with specific purposes and fees for others looking to sell their assets.
A digital certificate is a file or electronic password that proves the authenticity of a device, server, or user through the use of cryptography and electronic signatures
Means mutually interchangeable, or replaceable by an identical item
A format for image files that support both static and animated images.
A format for compressing image files.
A ledger is a book or collection of accounts in which account transactions are recorded.
Terms used for the act of generating an NFT and storing it on the blockchain.
This is a simulated digital environment that uses augmented reality (AR), virtual reality (VR), blockchain, and social media concepts to create spaces for rich user interaction that mimic the real world.
A term used to represent different forms of cryptocurrency. Bitcoins, SLP, and NFTs can all be thought of as tokens.
Proof of work algorithm used in numerous cryptocurrencies.
A hashing algorithm used in certain Proof of Work blockchains.
This is a digital currency which operates free of any central control or the oversight of banks or governments.
The lowest possible price for a set of NFTs
Cost related to moving cryptocurrencies from one place to another. Usually encountered when making transactions using cryptocurrency.
Money or crypto earned by an NFT creator through the token’s resale.
This is a decentralized blockchain platform that creates a peer-to-peer network for securely executing and verifying application code known as smart contracts. Smart contracts enable participants to transact with one another without the need for a trusted central authority.
Programs stored on a blockchain that execute when certain conditions are met. Typically used to automate transactions between crypto traders.
Non-fungible tokens are cryptographically tagged, unique interfaces or items with attributes in the form of metadata on an open-source blockchain.
Digital assets that often come in the form of NFTs. Utilized in many different ways across the numerous metaverses they are available in. Often simulate real-world scarcity of real estate by being available in limited quantities.
Burning is a term used for the mechanic that regulates the value of tokens. This involves the erasure of an amount of cryptocurrency in exchange for a result of some kind. E.g. To breed Axies, users are required to "burn" a set amount of SLP.
Short for Decentralized Apps. Function similarly to regular apps, but are integrated with blockchain technology.
Short for Decentralized EXchanges. These are peer-to-peer marketplaces where exchanges occur directly between crypto traders. E.g. Binance
Short for Decentralized Finance. It is an umbrella term for peer-to-peer financial services found in blockchains.
More commonly known as Air Drops, these are giveaways of NFTs or tokens utilized to promote games or services.
A block explorer and analytics platform for Ethereum. Use it to verify balances, transactions, check the value of your digital collectibles and more.
Fiat money is a type of currency that is not backed by any commodity such as gold or silver, and typically declared by a decree from the government to be legal tender.
Acronym for Graphics Processing Unit. It is the part of your computer responsible for mining cryptocurrency.
A measure of GPU token mining speed.
Acronym for Initial Coin Offering. It is utilized as a way for the company to raise funds by offering tokens that will have some utility for the product or service that they are creating.
Acronym for "Know Your Customer". It is a compliance with the AML/CFT regulation that stipulates financial institutions must be able to identify their user base.
The act of generating cryptocurrency via interaction with the blockchain and smart contracts.
Another term for Newbie, or a beginner/Novice.
Peer-to-peer or from user to user.
A Private Key is a term used in cryptography to decipher coded messages. A single private key is used by the sender to encrypt text, while the same private key is used by the receiver to decrypt that message.
Proof of Stake - A process used to verify transactions on the blockchain. Users are rewarded for holding onto cryptocurrencies.
Proof of Work - A processed used to verify transactions on the blockchain. Users are rewarded crypto for solving complex mathematical equations to add transactions to the ledger.
A Public key is a term used in cryptography for deciphering coded messages. The term is used when 2 different keys are needed to decode messages. One key is used for encrypting, while the other is used for decrypting.
A term used to describe the varying levels of scarcity of specific NFTs.
An extremely fine fraction of a bitcoin (0.00000001 BTC). Named after Satoshi Nakamoto – the pseudonym of the person or persons who developed bitcoin.
A 32-byte random value that allows you to regenerate public and private keys.
The act of "banking" cryptocurrency for a certain amount of time to be rewarded with cryptocurrency relative to the amount that was put away.
Term for all aspects regarding a specific token. A list of what makes it valuable, how it will be distributed, the amount in circulation, and how it will be utilized.
A scam by which a team behind an NFT project disappears with all the money they raised through crowd funding and ICOs.
A feeling or instinct for the appreciation of a certain asset. E.g., I feel Bullish about this market.
A specific location within a blockchain. Determined by how many blocks precede it.
Acronym for Buy The Dip. This is a term for what is believed to be only a temporary price drop, with a price increase in the foreseeable future.
NFT projects "inspired" by an original. Imagine alternate Punk or Ape collections.
The art of writing or solving codes.
Acronym for Decentralized Autonomous Organisation. Essentially an AI created to enable P2P trading without the need of a "central" figure to act as a middle-man.
A standardisation of tokens used in the Ethereum blockchain.
A string of letters and numbers that represent a wallet with which to send NFTs and crypto to.
An assortment of random words assigned to each cryptowallet. This collection of words acts like a password for each wallet.
The act of buying a token or asset in large quantities to "Pump" up the price, and then selling them while they're at their peaks.
Also referred to as Crypto Wallets, these are virtual wallets used to store varying forms of Crypto. Popular examples are MetaMask, Enjin, and Phantom.
This is a new version of the internet that hosts decentralized apps powered by blockchain technology. Web3 supporters emphasize user privacy and data ownership.
Allyson Downey co-founded of Meta Angels, an NFT society that "harnesses metaverse relationships to unlock real-life opportunities.
Ariana Waller is a full-stack software engineer who has existed in the blockchain space since 2017. She is the creator of Mueshi, which she defines as a marketplace to purchase, trade, and fractionally buy fine art NFTs.
Emily Yang, who goes by her alias plpleasr, is one of the world's foremost NFT artists and an associate of the significant PleasrDAO, a collective of Defi leaders, early NFT collectors, and digital artists. Yang depicts herself as a "multidisciplinary artist with an emphasis on web3, NFTs, crypto, DAOs, and humanitarianism".
Iris ten Teije is one of the co-founders and CEO of Koia. She conveys her start-up as ""a platform for people to buy, trade-off and collect fractions of iconic purchases. Koia coheres NFTs to real-world acquisitions to fractionalize them. She said this is ""a major opportunity and where the actual use case and value of NFTs and tokenisation reach into play.
"Jaime Schmidt is the co-founder of BFF, a decentralized organization that supports females and nonbinary individuals in obtaining their share of wisdom, possibility, and economic compensations in web3. She stated there was a need for more various representatives at the vanguard of web3, as this is ""necessary for innovation, mass adoption, and social interest."" "
She is the creator of The Immersive Kind Collective, a crypto fashion and digital art collection, and consultant to AllStarsWomen NFT Club and DAO.
Krista Kim is a modern artist and founder of the Techism movement. Her work studies the vision of digital consciousness. She said web3 is "about building meaningful and factual community as we are all communities moving ahead" and expresses her working method as creating "metaverse domains that motivate humanity."
Laura Shin is a crypto-journalist and host of the Unchained podcast.
Martyna Borys-Liszka is the account director of YAP Global and chair of the Financial Services and Fintech Group. She performs with clients and media to guarantee "valuable projects with outstanding teams take center stage they deserve and acquire appropriate audiences."
Stefania Barbaglio is the originator and director of Cassiopeia Services, the award-winning London-based boutique investor & public relations agency. Regarded as one of the leading British female digital PR professionals, she utilizes her communication talents to maximize the visibility of web3 developers to the media, investors, and communities.
Who selects to go by Beeple online is a graphical developer from Charleston, SC, USA. He dabbles in diverse art specializations, from digital artwork to short flicks, loops, and AR/VR content.
Based in the United Kingdom, Trevor Jones produces NFTs from video clips of AR paintings. Jones has long been curious about pushing the boundaries of technology-infused art. In 2012, the artist studied the compatibility of QR codes and oil artworks.
Originator and CEO of Digital Currency Group. The firm seeks to rev the growth of the global monetary system by assembling and sustaining bitcoin and blockchain companies.
The co-founder and CEO of industry intellect firm Microstrategy, Micheal Saylor, accepts that cryptocurrency is the subsequent most influential acquisition. Microstrategy expanded its bitcoin holdings in December 2021, buying 1,434 bitcoins for roughly $84 million. The company contains a total of 122,478 bitcoins.
An ex-hedge fund manager at Fortress Investment Group and associate at Goldman Sachs is a periodic commentator on bitcoin price activity. He is the founder, CEO, and director of Galaxy Digital Holdings, a broker-dealer that proposes a full range of blockchain-related investment services.
What more helpful form to begin any crypto influencer index than with Vitalik Buterin, Ethereum co-founder and one of the earth’s youngest crypto billionaires.
Known as “Bitcoin Jesus,” Roger Ver was one of the early advocates of Bitcoin around in 2011.
Andreas Antonopoulos is a Greek-British tech entrepreneur known for being a Bitcoin and blockchain supporter.
A well-known experience tycoon and originator of the venture funds company Draper Fisher Jurvetson and Draper University, Tim Draper, has invested in Skype, Tesla, SpaceX, Twitter, and Coinbase. He’s likewise known for his Bitcoin price predictions and vocal aid for this respective digital currency.
A former Coinbase director of Engineering and Litecoin founder Charlie Lee has a million followers on Twitter, making him one of the more prevalent thought leaders and crypto management.