Blockchain: A blockchain is a digital, public ledger that records online transactions. Blockchain is the core technology for cryptocurrencies. A blockchain ensures the integrity of a cryptocurrency by encrypting, validating, and permanently recording transactions. A blockchain is similar to a bank’s ledger, but open and accessible to everyone who utilizes the cryptocurrency is supports.

Crypto: A cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions.

DAI: DAI is an ERC20 token on the Ethereum blockchain that has a steady value of one US dollar. It is also the key to the MakerDAO lending system.

Drop: You might think of NFT drops as similar to the way the music industry talks about an album drop. It’s the common vernacular for the date when a brand-new piece of art hits the public market. Just as the day a musical artist’s newest creation is available for purchase, an NFT drop is the release of a new digital token for sale to investors.

ETH: Ethereum is a blockchain platform with its own cryptocurrency, called Ether (ETH) or Ethereum, and its own programming language, called Solidity.

Fiat: Fiat money is government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it.

GAS: Gas refers to the fee, or pricing value, required to successfully conduct a transaction or execute a contract on the Ethereum blockchain platform.

MetaMask: MetaMask is a software cryptocurrency wallet used to interact with the Ethereum blockchain. It allows users to access their Ethereum wallet through a browser extension or a mobile app. You can find more information on MetaMask by heading to

NFT: An NFT, or a ‘Non-Fungible Token” is simply a unit of data. What makes the unit unable to be duplicated, or “non-fungible”, is the fact it lives on a blockchain. Think of a blockchain as a digital record keeper, it not only keeps track of ownership and transactions, but because it’s completely unique, it ensures that the NFT cannot be duplicated.

Palm: Palm is a new token-powered ecosystem that operates within the Ethereum blockchain. It features low gas costs, fast transaction finality, and 99% more energy efficiency than other work systems.

Private Keys: A private key is a password — a string of letters and numbers — that allows you to access and manage your crypto funds.

Smart Contracts: programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary's involvement or time loss.

Stablecoin: A stablecoin is a type of cryptocurrency whose value is pegged to another asset class, such as a fiat currency or gold, to stabilize its price.

Wallet: Wallets store your private keys, keeping your NFTs safe and accessible. They also allow you to send, receive, and spend cryptocurrencies such as Ethereum. Wallets do not technically store information as your holdings live on the blockchain - to access the information on the blockchain, your wallet can be accessed using a private key. Your keys signify ownership of the digital currencies allowing you to make transactions such as purchasing NFTs.

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