Busker Radio is playing

by

--:--
--:--

Next Song - undefined by undefined

Busker Glossary

Busker Glossary

Explore the terms within the Web3 ecosystem and gain a deeper understanding of how Busker operates.

Word of the Day:

NFT (Non-Fungible Token)

NFT (Non-Fungible Token)

A digital asset that represents ownership of a unique item, often used for digital art, collectibles, and virtual real estate.

Web3

Web3

The next generation of the internet that aims to be decentralized, giving users more control over their data and online interactions.

NFT (Non-Fungible Token)

NFT (Non-Fungible Token)

A digital asset that represents ownership of a unique item, often used for digital art, collectibles, and virtual real estate.

Blockchain

Blockchain

A decentralized digital ledger technology that records transactions across a network of computers, providing transparency and security.

Cryptocurrency

Cryptocurrency

Digital or virtual currencies that use cryptography for security, with Bitcoin and Ethereum being prominent examples.

Smart Contract

Smart Contract

Self-executing contracts with predefined rules and conditions written in code, automating transactions on blockchain platforms like Ethereum.

Gas Fee

Gas Fee

The cost of executing a transaction or smart contract on a blockchain network, typically paid in cryptocurrency.

Wallet

Wallet

A digital tool used to store, manage, and interact with cryptocurrencies and NFTs.

Minting

Minting

The process of creating and tokenizing NFTs, often done by artists and creators.

IPFS

IPFS

(InterPlanetary File System). A decentralized protocol for storing and sharing hypermedia content across a distributed network.

NFT Marketplace

NFT Marketplace

Online platforms where users can buy, sell, and trade NFTs, such as OpenSea or Rarible.

NFT Royalties

NFT Royalties

A percentage of future sales that creators receive when their NFTs are resold on secondary markets, ensuring ongoing compensation for artists.

Decentralized Exchange

Decentralized Exchange

A cryptocurrency exchange platform that operates without a central authority, allowing users to trade digital assets peer-to-peer.

NFT Standards

NFT Standards

Technical specifications and standards (e.g., ERC-721, ERC-1155) that define how NFTs should be created and interact with other platforms and applications.

Wrapped Token

Wrapped Token

Tokens that represent other assets, typically cryptocurrencies like Ether or Bitcoin, on a different blockchain, enabling cross-chain compatibility.

NFT Metadata

NFT Metadata

Descriptive information, images, and attributes associated with an NFT that provide context and uniqueness to the digital collectible.

Stablecoin

Stablecoin

A type of cryptocurrency designed to maintain a stable value by pegging it to a reserve asset like the US dollar (e.g., USDC, DAI).