NFT Basics


Web3 refers to the future of the World Wide Web based on decentralised blockchain technology.

Metaverse refers to a network of immersive virtual worlds that connects users with various digital experiences and assets.

Blockchain is a decentralised digital ledger that allows users to store information in a secure and permanent way.

Smart contract is a computer program or protocol on the blockchain that acts as a digital contract.

Tokens are records on the blockchain that allow for transactions, such as selling NFTs.


NFTs are unique digital certificates stored on a blockchain that provide ownership rights to a digital asset, such as a work of digital art.

Metadata provides information about the digital work associated with an NFT.

Holders/owners are people who own an NFT.

Rarity and utility are critical factors that determine the value of an NFT.

Roadmap explains and shares future actions for the NFT project.

Whitepaper is a digital document that provides an in-depth explanation of what NFTs are, how they work, and the applications of a particular NFT.

P2E (play-to-earn) allows gamers/players to earn real-world assets by playing a game.

OpenSea is the first and largest digital marketplace to buy and sell NFTs.

Minting an NFT refers to publishing a unique digital asset on a blockchain for the first time.

Drop is the initial release of a minted non-fungible token or NFT.

Airdrops involve sending coins or tokens to specific wallets.

Reveal is a feature that allows the owner of an NFT to reveal or show additional information or content that is associated with the NFT.

Wallet is a device or platform that stores a user's keys and allows them to access their cryptocurrency and tokens.

Ether, or ETH, is the native cryptocurrency of the Ethereum blockchain.

Gas fees are required to complete a transaction on the Ethereum blockchain and are determined by supply and demand.

Discord is a social platform used by the NFT community for sharing information and marketing their project.