10 NFT Terms you Need to Know

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Now that people are starting to get used to crypto and the different currency’s, the ever growing popularity of the Metaverse, and especially NFTs, has made it clear that the digital wave is here to stay. We are at the beginning stages of how we view the world, wether it’s retail, the corporate world, or the art world. We need to change our mindset of how things works and operates, and that goes for all industries.

Now… we know that adapting to this new world and new words, can be quite confusing, so we decided to put together a list of the 10 most commonly used NFT terms, to help you better understand it. Check it out below, and stay tuned for more NFT updates.

  • NFTs = Shares
  • Projects = Companies
  • JPEG = Stock Certificate
  • Creators = Founders
  • Community = Market
  • Utility = Produkt
  • Tokens = Dividends
  • DAOs = Management
  • Collectors = Shareholders
  • Royalties = Revenue

Photo: CryptoPunks / Zooko

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