Glossary
NFT (Non-Fungible Token)
A unique digital asset stored on a blockchain that represents ownership of items like art, access passes, collectibles, or rewards.
Web3
The decentralized internet powered by blockchain technology, where users own their data, identities, and digital assets.
Sybil Attack
A type of attack where one person creates many fake accounts/wallets to exploit a system that rewards individuals.
Meta-Transaction
A transaction sponsored by another party (like NEFTIT), allowing users to perform blockchain actions.
Burn-to-Upgrade
A mechanism where users destroy (burn) multiple lower-level NFTs to receive a higher-rarity one.
Multichain
Supporting multiple blockchains (e.g., Polygon, Solana, Sui) so users and projects can choose their preferred network.
Vault (NFT Vault)
A system where earned NFTs are stored off-chain or privately until the user claims them on-chain.
OG Role
An "Original Gangster" status or early supporter badge that often comes with perks like airdrops, access, or recognition.
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