Glossary

  • NFT (Non-Fungible Token): A unique digital asset that represents ownership of a specific item or piece of content on the blockchain.

  • DAO (Decentralized Autonomous Organization): A governance model where decisions are made by the community through a consensus mechanism, often using blockchain technology.

  • Minting: The process of creating new NFTs and making them available for purchase or ownership.

  • Raffle: A method of distributing NFTs or other rewards to participants, often based on chance or specific criteria.

  • Utility: The practical use or value provided by an NFT or blockchain project, beyond its artistic or collectible aspect.

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