- Merkle Tree
A method of structuring data that can significantly reduce the amount of data that a trusted authority must maintain for verification purposes. Merkle trees are widely used in public blockchain networks.
An investment trend in a given market. In the cryptocurrency market, examples of past metas include alternative layer-1 blockchains and metaverse-related tokens. The term is derived from ‘metagame’, a term used by gamers to describe an ever-evolving subset of a game’s basic strategy and rules which is required to play at a high level.
Data that provides information about other data. In the context of NFTs, metadata describes an NFT’s properties. Examples of properties are names, IDs, descriptions, traits and links to images or multi-media.