Keywords
Here are some keywords to remember or refer back to when you’re navigating through this book: Digital – So the literal meaning of this is electronic technology that generates, stores, and processes data in terms of two states: positive and non-positive. So a TV is digital or a MP3 player, or a computer. Metaverse - a virtual-reality space in which users can interact with a computer-generated environment and other users. So we do this on digital devices and this can be in a 2D or 3D setting, on a gaming console or a mobile phone. Virtual Reality - The computer-generated simulation of a three-dimensional image or environment that can be interacted with in a seemingly real or physical way by a person using special electronic equipment, such as a helmet with a screen inside or gloves fitted with sensors. This is one of the more immersive ways of experiencing the metaverse. Augmented Reality – This is the technology that superimposes a digital image or filter on a user’s view whilst in the real world, a good example of this would be a filter on Instagram or the dog face filter on Snapchat as a practical example. Cryptocurrency – This a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority. DAO (Decentralised Autonomous Organisation) – DAO’s are kind of like clubs for crypto enthusiasts, only they typically operate under a shared goal, give each member equal say in making decisions, and can potentially have more money than most clubs would ever know what to do with. Non Fungible Token (NFT) - Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency.
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