A concept of an immersive online universe that combines different virtual spaces. Examples of metaverses include Decentraland and The Sandbox.
The process of verifying transactions and recording them on a blockchain. Mining is performed by so-called ‘miners’. In exchange for their efforts, miners are compensated in cryptocurrency.
The process of creating a non-fungible token (NFT) via a transaction on the blockchain. When NFT collections launch, the team will typically charge a mint price (e.g. 0.08 ETH) as a way to raise capital. Sometimes, NFT collections will launch via a free mint.