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Lingo topic · 8 terms

NFTs and Web3

Ownership on-chain: NFTs, DAOs and the metaverse.

A

Axie InfinityA blockchain game where players collect and battle NFT creatures, famous for its play-to-earn boom and bust.

D

DAOAn organization run by rules in code and votes by token holders instead of a boss.

M

MetaverseShared, persistent virtual worlds where people meet, play and trade as avatars, sometimes using crypto and NFTs.

N

NFTA one-of-a-kind token on a blockchain that records ownership of a specific item, such as digital art, a collectible or a game item.

O

OpenSeaOne of the best-known online marketplaces for buying and selling NFTs.

W

Y

Yield Guild GamesA gaming guild organised as a DAO that bought NFTs used in blockchain games and lent them to players to share earnings.

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