Web3.0
Web 3.0 cryptocurrencies are distributed applications that streamline online financial transactions using smart contracts. At the moment, Blockchain technology is getting a lot of traction, and the internet is one of the most prominent sectors where its advancement is expected to be seen.
Wallet Address
To receive and send NFTs or cryptocurrencies, you’ll need their corresponding “wallet address,” a series of letters and numbers. Public key identifiers, which may be used with various connections such as email, are also known as wallet addresses.
Virtual Assets
Any digital representation of value that may be exchanged, transferred, or used as payment is considered a virtual asset. To be precise, digital representations of fiat currency are omitted. The Financial Action Task Force (FATF) guidelines guarantee that virtual assets have the same protections as the financial industry.
Volume
A cryptocurrency’s trading activity is the total value of its transactions over a specific time frame. The absolute and relative effects of importance effects make it a fundamental market variable.
Two-factor authentication (2FA)
By requiring both email verification and a password, Two-Factor Authentication (or 2FA) increases the safety of your online account. If you’ve activated two-factor authentication (2FA), you’ll need to enter the 2FA code whenever you do certain operations on the Crypto.com NFT platform.
Utility Tokens
Utility tokens are a form of cryptocurrency issued as part of an initial coin offering (ICO) to raise capital for creating a new digital asset.
Total Supply
The entire supply of a cryptocurrency is equal to the total amount of tokens on the blockchain, whether or not they are in active circulation. Introducing a new token or coin by a cryptocurrency project may result in the creation of a large quantity of cryptocurrency compared to the amount being distributed at the time.
Tokenization
With tokenization, digital tokens may represent fractional ownership shares in a physical object like a building. Tokens like this are comparable to non-fungible tokens in that they serve as “shares” (NFTs). In this case, Tokens are interchangeable and pegged to the asset’s value.
Token Sale
A Token Sale is a crowd sale of digital tokens in which a corporation sells a part of its tokens to investors. Tokens may be purchased using Bitcoin or Ether (Ethereum), two examples of current liquid monetary exchange media, at a predetermined or variable exchange rate.
Tokens
Crypto tokens are digital coins that stand for an underlying asset or function and are stored on the corresponding blockchain. Depending on the context, tokens may be traded for other assets, kept as savings, or spent at retailers.