Glossary of terms
NFT (Non-Fungible Token): A unique digital token representing ownership or authenticity of a digital asset, such as artwork, collectibles, videos, etc.
Digital Collectible: A unique and collectible digital object, such as a virtual baseball card, bought, sold, and owned in the form of NFTs.
Blockchain: A decentralized and secure ledger that records transactions and ensures the integrity of NFTs.
Cryptocurrency: Digital currency used to buy, sell, and trade NFTs and other assets online.
Smart Contract: A self-executing digital contract on the blockchain that governs the transfer and actions related to NFTs.
Decentralized Ledger: A secure, decentralized public record of NFT transactions on the blockchain.
Tokenization: The process of converting physical or digital assets into digital tokens on a blockchain.
Ethereum: A blockchain platform that enables the creation and exchange of NFTs using smart contracts.
Digital Asset: Any digital asset, such as an image, video, or file, represented by an NFT.
Artwork Token: An NFT representing a digital artwork, allowing collectors to own and transfer ownership of the work.
Minting: The process of creating a new NFT and recording its existence on the blockchain.
Ownership Proof: Verifiable evidence that an NFT holder is the legitimate owner of the represented digital asset.
Crypto Art: Digital art bought, sold, and owned in the form of NFTs, using blockchain technology.
Rarity: The scarcity or exclusivity of a specific NFT determined by its unique characteristics and availability.
Metadata: Additional information associated with an NFT, such as creator details, creation date, and asset history.
Wallet: A digital wallet that stores NFTs and cryptocurrencies, enabling secure management and exchange.
Marketplace: An online platform where users can buy, sell, and trade NFTs.
Secondary Market: The market where NFTs are bought and sold after their initial issuance by the creator.
Proof of Authenticity: Verification that an NFT is genuine and legitimate, backed by blockchain technology.
Token Standards (ERC-721, ERC-1155): Technical standards defining how NFTs are created and managed on the Ethereum blockchain.
Gas Fees: Costs associated with transactions on the Ethereum blockchain, paid in cryptocurrencies.
Fractional Ownership: Shared ownership of an NFT among multiple holders, each with a proportional share.
Digital Ownership: Exclusive possession of a digital asset recorded on the blockchain through an NFT.
Royalties: Ongoing payments that creators receive each time their NFT is resold in the secondary market.
Renewable Energy: Energy generated from sources that are naturally replenished, such as solar, wind, and hydroelectric power.
Solar Power: Energy harnessed from the sun's rays using photovoltaic cells to convert sunlight into electricity.
Electricity Generation: The process of producing electrical energy from various sources.
Power Grid: An interconnected network of power generation, transmission, and distribution systems.
Energy Efficiency: The ratio of useful energy output to total energy input, emphasizing reduced waste.
Clean Energy: Energy derived from renewable sources with minimal environmental impact.
Green Energy: Environmentally friendly energy produced from renewable sources.
Carbon Footprint: The total greenhouse gas emissions caused by an individual, organization, or product.
Emissions Reduction: Decreasing the release of pollutants and greenhouse gases into the atmosphere.
Photovoltaic Cells: Solar cells that convert sunlight directly into electricity.
Solar Panels: Devices composed of photovoltaic cells that generate electricity from sunlight.
Energy Storage: The capture and retention of energy for later use, often through batteries.
Battery Technology: Techniques and materials used to create efficient and long-lasting batteries.
Lithium-ion Battery: A type of rechargeable battery commonly used in portable electronics and electric vehicles.
FNFT (Financial Non-Fungible Token): A unique digital token representing ownership or rights related to financial assets or instruments.
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