- Web 3.0: The next generation of the internet that enables decentralized applications and blockchain technologies.
- DAO: states for Decentralized Autonomous Organization. It is built by rules encoded as a computer program (called a smart contract) that is often transparent and controlled by the organization's members (token holders). It does not have a central government or hierarchy. It is a new type of management system.
- Cryptocurrency: is a digital currency created to work as a medium of exchange through blockchain technology. There are a lot of cryptocurrencies, such as Bitcoin and Ethereum. It does not have any central authority. We can call it a decentralized central bank.
- Token: is a very similar concept to cryptocurrency. Cryptocurrencies have their blockchain structures, while tokens do not have any. In fact, tokens use the existing blockchain structure of cryptocurrencies. Tokens are used in projects, while cryptocurrencies can be medium of exchange. There are different kinds of tokens that serve different purposes.
- Tokenization: is simply creating digital assets to replace the physical assets of an organization or company in the real world. Almost every purchase can be tokenized, such as art canvases, cars, and even real estate.
- ICO: states for Initial Coin Offering. Usually, companies that issue tokens raise funds for a new project or venture referred to as initial coin offerings. By selling their tokens in advance, they raise the necessary fund before their tokes are alive in circulation.
