Here is a list of most of the terms that are needed to know for Web3

Address: A place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers.

Airdrop: A marketing campaign that distributes a specific cryptocurrency or token to an audience.

Allocation: Allocation is the allotment of equity or tokens that may be earned, bought, or reserved for a specific team, group, investor, institution, or another similar entity.

Annual Percentage Yield (APY): Annual percentage yield (APY) is the rate of return gained over the course of a year on a specific investment. Compounding interest is computed on a regular basis and applied to the amount.

Authentication: Authentication is a process that confirms a user’s identity using passwords, SMS codes, fingerprints, and other forms of ownership proofs before granting access to sensitive and/or personal information.

Bear Market: When a market experiences a prolonged price decline

Beta: A software pre-release stage where its access is offered to a set number of users & third-party software testers for testing it under real-world settings.

Blockchain: A distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies.

Bots: Automated software that can carry out tasks such as cryptocurrency trades.

Browser Extension: A browser extension is a plugin for an internet browser that adds additional features.

Bull: A person that is optimistic and confident that market prices will increase, this person is also known to be “bullish” about the market or price.

Burn/Burned: Cryptocurrency tokens or coins are considered “burned” when they have been purposely and permanently removed from circulation.