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Non-Fungible Tokens, or NFTs, are digital tokens on a blockchain that each represent something unique, such as a digital piece of art, a special in-game item, rare trading card collectibles, or any other distinct digital/physical asset.
A smart contract is a tamper-proof program that runs on a blockchain network when certain predefined conditions are satisfied.
Blockchain oracles are entities that connect blockchains to external systems, thereby enabling smart contracts to execute based upon inputs and outputs from the real world.
Decentralized finance, or “DeFi,” refers to the emerging blockchain-based ecosystem of permissionless and transparent financial services.
Web3 is a new evolution of the Internet based around the principles of decentralization. Web3 combines the rich and interactive digital experiences that exist today with infrastructure that offers users ownership and cryptographic guarantees.
The metaverse is the idea of a holistic virtual world that exists in parallel with the real world, offering sovereign digital ownership, unique online identities, interconnected environments, and immersive experiences.