Glossary of Web3 Terms
A list of interesting terms and DAO words. Many entries were copied from BanklessDAO Education Guild, contributed by Quietfox.
If you have a term that you don't understand, you can add a new entry, and request someone to define it.
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W |
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WAGMIWe're All Gonna Make It. | |
WorkgroupThis is a group of people working on a guild or DAO specific project. This is where the work is done to ensure that the project is successfully worked through to completion. | |
WorkshopAn opportunity to teach or learn from each other about different Web3 topics. | |
D |
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dAppdApp or Decentralised application is a web3 type of software design. The backend database layer is the blockchain. The frontend display layer is typically a javascript based application, usually React.js or Vue.js. | |
droprefers to when a new NFT is ready for minting. Ie. The lunar NFT drop is coming soon. | |
M |
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mintCreating a new NFT directly from the NFT contract. Typically when it first "drops". Usually minting can be considered high risk, especially for newbies. Recommend to buy from the secondary market instead to start. | |
S |
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secondary marketmeans, buy from other users, as opposed to mint. Buy them on reputable marketplaces. | |
V |
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vires in numerisIn latin "Strength in Numbers", is the bitcoin tagline. In the OpenDAO, it represents each of the OpenDAO $SOS token holder and participant. The answer we are looking for is "you". Yes, "you" is the answer. | |
W |
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whitelistA whitelist is like a permission to mint the NFT project before the public has a chance to mint. | |