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GameFi Glossary

Web 3.0 Gaming Glossary

A

AAA Stage

Refers to the phase when a game is in advanced development, undergoing rigorous polishing, testing, and optimization before its release. AAA games typically offer cutting-edge graphics, expansive worlds, and immersive gameplay experiences.

Account Boosting

The practice of intentionally enhancing a player's in-game account performance, rankings, or stats through various means, often by skilled players or external services.

Airdrop

Distributing free tokens or items to players, often as part of a promotional event.

All-Time High (ATH)

The peak point that a certain metric, such as a game's player count, a cryptocurrency's value, or an in-game item's price, has ever reached since its inception.

Alpha

The initial testing phase of a game where a limited number of players get early access to explore and provide feedback, helping developers refine the game before its full release.

Altcoin

An alternative in-game currency or token that can be used alongside the primary currency for various transactions within the game's ecosystem.

Ask Me Anything (AMA)

Refers to online Q&A sessions that provide a direct opportunity for the gaming community to ask questions and gain insights from industry experts, developers, or notable players.

Augmented Reality (AR)

A technology that blends virtual elements with the real world, enhancing the gaming experience by overlaying digital objects onto the player's view of their physical surroundings.

Avatar

Your in-game character or representation, which you can customize using NFTs.

Axie

NFTs that look like creatures that gamers must buy to play the famed Play-to-earn game Axie Infinity. To begin playing, players must purchase three Axies.

Axie Infinity

A blockchain-based game where players collect, breed, and battle fantasy creatures known as Axies, often involving strategic gameplay and the potential to earn cryptocurrency rewards.

B

Bear Market

A phase in the gaming or financial industry characterized by declining prices of in-game assets, virtual currencies, or investments. During this period, player interest may decrease, leading to economic challenges and potentially impacting the overall gaming ecosystem.

Bearish

A sentiment within the gaming community where players expect a decline in the value or popularity of a particular game, item, or virtual currency.

BEP20

A type of cryptocurrency built on the Binance Smart Chain (BSC), which is now referred to as the BNB Chain. It follows the BEP20 token standard and enables the creation of various digital assets, including in-game tokens, within the BNB Chain ecosystem.

Beta

The testing phase following alpha testing, where a larger group of players is invited to participate and provide feedback on a game's performance, mechanics, and overall experience before its official release.

Bitcoin

Also known as BTC, is the first and most well-known cryptocurrency, created by an individual or group under the pseudonym Satoshi Nakamoto in 2009. It has gained recognition as both a digital currency and a store of value, influencing the development of numerous other cryptocurrencies and blockchain technologies.

Block

A fundamental unit of data in a blockchain that contains a set of transactions or actions performed within a game. Each block is linked to the previous one, forming a chain, and is secured using cryptography. These blocks record various in-game activities, such as asset ownership changes, transactions, or other interactions, ensuring transparency and immutability of the game's economy and history.

Blockchain

A secure digital ledger where all in-game transactions and ownership changes are recorded.

Blockchain Game

A type of video game that incorporates blockchain technology, which enables secure and transparent recording of in-game transactions, ownership of virtual assets, and interactions within the game.

Blue Chip

Well-known projects or tokens with the most stability. An example of a blue-chip NFT project is CryptoPunks by Larva Labs.

BNB Chain

Stands for Build and Build chain. A distributed blockchain network that was originally named Binance Smart Chain (BSC). The BNB Chain offers fast and economical transactions, catering to applications such as blockchain gaming and DeFi.

Boosting Service

A service provided by skilled players to enhance the performance, ranking, or progression of another player's account within a game.

Bot

An automated software or script built to perform specific actions. Bots are commonly used to automate trade executions, initiate identity verification, snipe cheap NFTs once they’re listed, etc.

BSC

Originally known as Binance Smart Chain (BSC), it's now referred to as the BNB Chain. This blockchain platform, developed by Binance, supports decentralized applications and digital assets. BNB Chain provides fast and cost-effective transactions, making it suitable for blockchain gaming, DeFi, and other applications.

BTC

Abbreviation for 'Bitcoin,' the pioneering and widely recognized cryptocurrency that operates on a decentralized network, allowing secure peer-to-peer transactions without the need for intermediaries.

Bull Market

A phase in the gaming or financial industry where prices of in-game assets, virtual currencies, or investments are consistently rising. This optimistic trend often boosts player interest, engagement, and economic growth within the gaming ecosystem.

Bull Run

A period of significant and sustained price increases in the gaming or financial industry. During a bull run, in-game asset values, virtual currencies, or investments experience rapid growth, often driven by increased player engagement, positive sentiment, and strong demand.

Bullish

A positive sentiment in the gaming or financial context where there's an expectation that prices of in-game assets, virtual currencies, or investments will rise. Being bullish reflects a positive outlook and confidence in the potential for growth and success.

Burn / Burning

The deliberate and permanent removal of in-game tokens, virtual assets, or cryptocurrencies from circulation. Burning is often used as a mechanism to control supply, increase scarcity, or enhance the value of remaining assets within a game's economy or blockchain ecosystem.

C

Card Game

A type of game that involves using a deck of cards as the primary gameplay element. Players typically use the cards to compete against each other, employing various strategies and mechanics to achieve victory.

Coin

A digital or virtual form of currency used within a specific gaming or blockchain ecosystem. Coins are often employed as a medium of exchange for in-game transactions, purchases, or services.

CoinMarketCap

A widely used cryptocurrency market data platform that provides comprehensive information about cryptocurrencies, tokens, and digital assets. Gamers can use CoinMarketCap to monitor the performance of gaming-related tokens and assets.

Collectible

An item or object within a game that players can acquire and keep, often for the purpose of collecting and trading. Collectibles can range from in-game items, skins, characters, or cards that have unique attributes or designs. They can hold both aesthetic and functional value, contributing to a player's progress or enhancing their experience within the game.

Combat Game

A genre of video game centered around battles, conflicts, and combat scenarios. Players engage in fights, often controlling characters with distinct abilities, weapons, or skills, to defeat opponents or enemies.

Creator Economy

A digital ecosystem in gaming where content creators, streamers, and players generate and monetize their gaming-related content. This involves building communities, sharing gameplay, and earning income through platforms like Twitch, YouTube, and Patreon.

Cross-Chain

When assets or information can move between different blockchains or networks.

Cross-Chain Bridge

A tool that lets you move assets between different blockchains.

Cross-Chain Compatibility

The capability of the game or asset to function across different blockchains or networks.

Cross-Chain NFT

An NFT that can be used across different blockchains, expanding its utility beyond a single ecosystem.

Cross-Platform Progression

Enables players to continue their game progress and maintain items across different devices or platforms.

Cross-Play

Allows gamers on different platforms to play together within the same game world, promoting inclusivity and connectivity.

Crypto (Cryptocurrency)

A digital form of currency using cryptography for secure and private transactions on decentralized networks, often used for in-game purchases or investments.

Crypto Launchpad

A platform that supports blockchain projects by launching initial token offerings, providing investors early access to tokens and exclusive benefits.

CryptoKitties

The first widely known GameFi project launched in 2017, its popularity paved the way for other games like Axie Infinity.

D

DAO (Decentralized Autonomous Organization)

A community-driven group that collectively makes decisions about game development and direction through consensus.

DAO Governance Token

A token that grants voting power in community decisions, giving holders influence in the game's development.

Decentralization

A system where control and data distribution are spread across a network, enhancing transparency and ownership for players.

Decentralized Exchange (DEX)

A platform for trading cryptocurrency or in-game assets without a central authority, providing more autonomy to users.

Decentralized Game

A game managed on a decentralized network rather than by a single entity, offering more transparency and player control.

Decentralized Identity

A self-controlled digital identity that players can use across multiple games and platforms.

Decentralized Marketplace

A platform where players can trade in-game items directly with each other via smart contracts, bypassing intermediaries.

DeFi (Decentralized Finance)

Blockchain protocols offering financial services like lending and staking, often integrated into games like DeFi Kingdoms.

Degen

A term for someone engaging in high-risk, speculative activities with potential for high rewards, common in crypto and gaming.

Devs

Short for 'developers,' these are the people responsible for creating, designing, and maintaining games.

Diamond Hand

Refers to those who hold onto assets or tokens long-term, showing resilience during market volatility.

Digital Twin

A virtual replica of a real-world object or system, often used to create in-game items that mirror real-world counterparts.

Discord

A communication platform where gamers can chat, voice call, and collaborate within game communities.

Doxxed / Doxed

The act of revealing someone’s personal information without consent, such as real names or addresses.

Dual-Chain Game

A game launched on two blockchains, enhancing its scalability and resilience, like the game Monsterra on BSC and Terra chains.

DYOR

An acronym for 'Do Your Own Research,' advising players and investors to gather information before making decisions.

E

Early Access

A phase in game development where a pre-release version is available for player testing and feedback.

ERC20

A token standard on the Ethereum blockchain, often used for in-game currencies and assets within blockchain games.

Esport

Competitive video gaming where players or teams compete in organized tournaments for prizes and recognition.

Ether (ETH)

The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contracts.

Ethereum

A blockchain platform with its own cryptocurrency, Ether, used to create smart contracts and in-game assets.

Exchange

A marketplace where players can trade or buy items, assets, or currencies, including in-game items and cryptocurrencies.

Extended Reality (XR)

A combination of physical and digital experiences, blending real and virtual environments for immersive gameplay.

F

Fan Token

A cryptocurrency token designed for sports fans, allowing them to connect with their favorite athletes or teams. It offers perks like voting on club activities, exclusive incentives, and merchandise designs.

Fantasy Sports

A genre of sports-related games where players create virtual teams with real professional athletes. Points are awarded based on the athletes' real-world performances in actual sporting events.

Farming

An in-game practice of repeatedly performing specific activities to acquire resources, items, or experience points. Players engage in farming by completing tasks, defeating enemies, or participating in events to earn rewards.

Fiat

Traditional government-issued currencies like the US Dollar, Euro, or Yen. Fiat currencies are centralized and regulated by governments, contrasting with decentralized cryptocurrencies.

Floor (Floor Price)

The lowest price at which an NFT from a collection can be bought on the secondary market.

FOMO (Fear of Missing Out)

A crypto term describing the anxiety of missing out on an in-game event, sale, or investment opportunity before it ends.

Fork

Occurs when a game's code splits into two versions, often due to a major update or developer disagreement, resulting in two separate game versions.

Fractional Ownership

The concept of owning a portion of an NFT. Buyers can purchase a percentage of an NFT, allowing for partial ownership based on what they can afford.

Frens

A playful term used in online communities to refer to friends or fellow participants, fostering a sense of camaraderie.

FUD (Fear, Uncertainty, and Doubt)

A term used to describe negative or inaccurate information in the crypto space, often intended to create fear or distrust in a project.

G

Game Launcher

Software that manages and launches video games. Game launchers organize game libraries, facilitate updates, and provide options to connect with friends.

GameFi

The fusion of gaming mechanics, blockchain, and NFTs, allowing players to participate in games with financial incentives and earn real-world value.

Gas Fee

A small cryptocurrency fee paid to complete transactions or actions within a blockchain-based game.

Gas Limit

The maximum amount a user is willing to pay in gas fees to complete a blockchain transaction.

Gas Price

The amount of cryptocurrency a user is willing to pay per unit of gas to prioritize a transaction on the blockchain.

GM (Good Morning), GN (Good Night), GA (Good Afternoon)

Common abbreviations used in gaming communities to greet or acknowledge friends depending on the time of day.

Guild (Gaming Guild)

An organized group of players who collaborate, socialize, and work towards shared goals, often benefiting from teamwork and resource sharing.

H

Hard Fork

A permanent divergence in a blockchain's protocol, creating two separate chains with different rules. In gaming, this may occur with significant changes to a game’s technology.

Hash Rate

The computational power of a mining device or network, indicating the number of hash operations performed per second, often associated with blockchain security.

Hashing

The process of converting data into a unique fixed-length string, ensuring data integrity and security, commonly used in blockchain for verification.

HODL (Hold On for Dear Life)

A term in crypto encouraging holders to retain their investments despite market fluctuations, rather than selling during downturns.

I

IGO (Initial Game Offering)

A method of raising funds for early-stage blockchain gaming projects, providing investors early access to gaming assets and tokens.

Immersive Social

Projects that enable users to explore and interact within 3D environments, fostering richer social and collaborative experiences.

Immutable

A characteristic of blockchain that prevents data from being changed once it's added, ensuring fairness and transparency.

Immutable Ledger

An unchangeable record of all in-game transactions stored on the blockchain, providing transparency and security for players.

Immutable Record

A permanent, unchangeable record of in-game actions or transactions stored on the blockchain, ensuring transparency and authenticity.

In-Game Assets

Digital items within a game, such as characters or skins. Some are represented as NFTs, adding ownership and value to these virtual items.

In-Game Governance

Enables players to participate in decisions affecting a game's development, updates, or rules, often through voting or proposing features.

In-Game Rewards

Rewards like items, currency, or experience points that players receive for achieving goals or progressing in the game.

In-Game Tokens

Currency earned or purchased within a game, used for transactions, customization, and participation in the game's economy.

Incentive Mechanisms

Systems in web3 games that reward players with tokens or benefits, encouraging specific behaviors or actions to enhance engagement.

INO (Initial NFT Offering)

A fundraising method where NFTs are offered for sale, securing capital for projects and granting early access to unique assets.

Interoperability

The ability to transfer items or characters between different Web3 games, enhancing flexibility and ownership for players.

Interplanetary File System (IPFS)

A protocol for storing data across multiple computers, enhancing resilience and accessibility for game data.

Itemization

Turning in-game assets into unique, tradeable digital assets represented as NFTs, adding value and ownership to in-game content.

J

Jacks

Can refer to virtual items or characters that players can own, trade, or use within a game's ecosystem.

JOMO (Joy of Missing Out)

Refers to the positive feeling of not participating in certain activities or investments, especially when they turn out to be unsuccessful or harmful. It’s the opposite of FOMO.

Just-In-Time (JIT) Compilation

A technique in blockchain and GameFi development where code is compiled into machine code at runtime, optimizing performance by reducing the need for source code interpretation.

K

Kill-to-Earn

A gaming concept where players earn rewards, cryptocurrency, or in-game items by defeating opponents, creating an economic incentive for player engagement.

Kitties

Commonly refers to 'CryptoKitties,' a blockchain-based game involving the collection, breeding, and trading of virtual cats using NFTs on Ethereum.

KYC (Know Your Customer)

A process used to verify and authenticate customer identities in gaming and finance to prevent fraud, money laundering, and other illicit activities.

L

Launchpad

A platform that assists new crypto projects in launching their tokens through a token generation event.

Layer 2 Scaling

Technology that helps games run faster and cheaper by processing transactions off the main blockchain.

Learn-to-Earn

A concept where users earn rewards, assets, or cryptocurrency by engaging in educational or skill-building activities.

Lightpaper (Litepaper)

A concise version of a whitepaper explaining the technical and conceptual aspects of a crypto or blockchain project.

Liquidity

The crypto market concept referring to the speed with which an asset can be converted into cash or other assets without affecting its value.

Loot Box

A randomized in-game item pack, often purchased with cryptocurrency, that can contain rare or common items.

M

Memecoin

A type of cryptocurrency that gains popularity primarily from internet memes and online communities, often highly speculative.

Meta

The rebranded name for Facebook, reflecting the company's focus on creating a 'new internet' and building technology to connect people.

Metamask

A popular cryptocurrency wallet and browser extension that enables users to interact with Ethereum-based dApps directly from their web browsers.

Metaverse

A virtual universe where users can explore, interact, and play games within one interconnected digital world.

Mining

Earning in-game rewards by contributing computer processing power to secure the network.

Minting

The process of creating new NFTs by adding unique information to the blockchain.

Mixed Reality (MR)

A blend of VR and AR where digital content interacts with the real world, enabling immersive experiences with virtual elements.

Mods

Refers to moderators on platforms like Twitter, Discord, or Reddit, who ensure a healthy and informative community experience.

MORPG

Massively Online Role-Playing Game, where a large number of players interact within a virtual world, assuming roles, engaging in quests, and more.

Move-to-Earn

A blockchain gaming concept where players earn rewards by actively participating in the game, incentivizing engagement with the ecosystem.

N

NFT (Non-Fungible Token)

A unique digital asset representing ownership of a specific item, artwork, collectible, or piece of content, ideal for unique digital items.

NFT Ecosystem

All platforms, protocols, communities, and services related to NFTs, including marketplaces, gaming platforms, and art galleries.

NFT Farming

Yield farming or liquidity mining related to NFTs, allowing users to earn rewards by providing liquidity to NFT-related pools or platforms.

NFT Fractionalization

Dividing ownership of a single NFT into smaller shares, allowing multiple investors to own a portion of its value.

NFT Gaming

The integration of NFTs in video games, allowing players to own, trade, and use unique in-game assets as NFTs.

NFT Marketplace

An online platform for buying, selling, and trading NFTs, allowing users to exchange digital collectibles, artwork, virtual assets, and more.

NFT Marketplace Aggregator

A platform that consolidates NFT listings from various marketplaces, providing a unified view of available NFTs and their prices.

NFT Metadata

Information linked to an NFT, including creator details, attributes, and associated media or files.

NFT Royalties

A percentage of the resale price that original creators receive every time their NFT is sold in the secondary market.

NFT Utility

Functionalities associated with owning an NFT, such as content access, event participation, in-game items, voting rights, and more.

NFT Verification

The process of confirming an NFT's authenticity and ownership through blockchain verification and creator endorsements.

NFT Yield Farming

Staking or providing liquidity with NFTs to earn rewards, often in the form of additional NFTs or tokens.

Node

A computer or device that maintains a copy of the blockchain and validates transactions, supporting network security and decentralization.

O

Off-Chain

Activities or data occurring outside the main blockchain, such as user transactions on centralized exchanges.

OG

Original Gangster, referring to someone who has been involved in a game or community for a long time, implying expertise and authenticity.

On-Chain

Activities, data, or transactions that occur directly on the blockchain, such as NFT creation, smart contract execution, and cryptocurrency transfers.

On-Ramp/Off-Ramp

Processes for converting fiat currency to cryptocurrency (on-ramp) or vice versa (off-ramp), essential for crypto ecosystem entry and exit.

Ongoing Yield

Associated with Play-to-Earn games, referring to the consistent income players earn by engaging with game mechanics over time.

Open Platform

A platform based on open standards, enabling developers to build applications or services compatible with the platform.

Open Source

Software or projects with publicly available source code, allowing for community use, modification, and distribution.

Open World

A virtual environment where players can freely explore and engage in activities without a strict linear progression.

Open-Source Game

A game with publicly available source code, allowing community contributions and modifications, fostering innovation.

OpenSea

A large NFT marketplace where users can buy, sell, and explore various NFTs across different projects and categories.

Operator DAO

A decentralized organization that manages and operates decentralized applications and services within the ecosystem.

Oracle

Services that provide real-world data to smart contracts, enabling interaction with external information based on real events.

Oracles

Services that bring real-world data into blockchain games, such as weather conditions affecting in-game environments.

Out-of-Game Benefits

Rewards that players can enjoy outside the virtual world, such as cryptocurrency or tangible items earned through in-game achievements.

Overpowered (OP)

Refers to game elements that are too strong or imbalanced, potentially disrupting the gameplay experience.

Overworld

A central map or hub in a game, connecting different levels or areas and serving as a navigation point.

Ownership Economy

A concept where participants have true ownership and control over digital assets like NFTs, contrasting with traditional platform control.

Ownership Token

Represents ownership or equity in a project, platform, or organization, granting stakeholders decision-making power, rewards, or profits.

P

Peer-to-Peer (P2P)

Direct transactions between individuals without needing an intermediary.

Permissionless

Refers to open networks where anyone can participate, validating transactions on the blockchain without permission.

PFP Project

Shorthand for 'profile picture' projects, commonly 10k NFT avatar collections used on social media profiles.

Play-to-Earn Model (P2E)

A game model where players earn tokens or assets as a form of income by participating in the game.

Polygon

A blockchain platform designed to create a multi-chain system compatible with Ethereum.

Presale

An early phase where select investors or players can purchase tokens or items before a public release.

Private Key

A secret code that secures access to your wallet and digital assets; keep it confidential.

Proof of Stake (PoS)

A blockchain consensus mechanism that confirms transactions by staking tokens to support the network.

Proof of Work (PoW)

A consensus method using computational power to validate transactions, rewarding miners with cryptocurrency.

Public Key

A code you share with others to receive digital assets, similar to a delivery address.

R

Rarity

The uniqueness or scarcity of an item or asset, often making it more valuable.

Reveal

In NFT drops, a phase where the content or attributes of an NFT are revealed after purchase.

Reward Pool

A reserve of tokens distributed as rewards for specific actions like staking or gameplay participation.

Roadmap

A timeline outlining the development goals and milestones of a project.

Royalties

A percentage of revenue from an NFT’s resale, paid to the original creator or owner.

RPG

Role-Playing Game, where players take on character roles within a fictional world, often with unique skills and a storyline.

Rug Pull

A fraudulent act where project creators suddenly withdraw funds, causing losses for investors.

S

Sandbox

An open-world or virtual environment where players can explore, create, and interact with game elements.

Satoshi

The smallest unit of Bitcoin, named after its creator Satoshi Nakamoto.

Scaling Solution

Techniques to improve the performance and scalability of blockchain networks for gaming.

Secondary Market

A marketplace where users buy, sell, or trade NFTs or in-game assets after the initial purchase.

Sharding

A technique to enhance blockchain scalability by dividing it into smaller partitions that process transactions independently.

Shilling

Promoting a project or asset aggressively, often to influence others to invest.

Shooter Game

A game genre focused on combat and shooting mechanics, often involving objectives or enemies.

Simulation Game

A game genre that recreates real-world scenarios for entertainment or education, like city-building or flight simulators.

Skins

Cosmetic items that change the appearance of in-game elements without affecting gameplay.

Smart Asset

An NFT with programmable features using smart contracts, enabling features like royalties or conditional transfers.

Smart Contract

Code embedded in a blockchain that automatically executes agreements when certain conditions are met.

Solana

A high-performance blockchain known for fast, low-cost transactions, often used for decentralized applications.

Stablecoin

A cryptocurrency pegged to stable assets like USD, offering consistent value in the blockchain economy.

Staking

Locking up tokens to earn rewards or participate in blockchain processes within a game.

Strategy Blockchain Gaming

Combines strategy elements with blockchain, allowing players to manage assets and make in-game decisions.

Strategy Game

A genre where players plan and execute actions, often requiring resource management and tactical skills.

T

Token

A digital asset or utility representation within a blockchain ecosystem.

Token Swap

Exchanging one token for another within a game.

Tokenization

The process of representing in-game assets as blockchain tokens for ownership and tradability.

Tokenomics

The economics of a token, including its creation, distribution, and value mechanisms.

Tournament

A competition where players compete for rewards, recognition, or prizes.

Trading Card Games

Card games involving collectible cards, strategy, and deck-building, with trading between players.

Trustless

A system that requires no trust in a central authority, achieved through blockchain consensus.

U

Utility

The functionality or purpose of a digital asset within a blockchain ecosystem.

Utility Token

A token with a specific purpose within a blockchain application or ecosystem.

V

Virtual Currency

Digital currency used in games, often traded or accepted for goods and services.

Virtual Economy

A digital economy where virtual goods are bought, sold, and traded within online games.

Virtual Lands

Digital representations of property in virtual worlds, often using NFTs for ownership.

Volatility

The degree of price fluctuation of digital assets, presenting opportunities and risks.

VR (Virtual Reality)

A simulated experience where players interact with a 3D environment using a headset.

VRF (Verifiable Random Function)

A blockchain-based random number generator essential for fair gameplay.

W

Wallet

A digital tool to store and manage cryptocurrencies and blockchain assets.

Web 2.0 (Web2)

The second generation of the web, with dynamic pages and user-generated content.

Web 3.0 (Web3)

A decentralized, user-centric internet with blockchain-based applications.

Web3 Games

Games using blockchain to give players ownership of in-game assets and tradeable items.

Web3 Gaming

Incorporates Web3 principles into gaming, using blockchain for ownership and decentralized markets.

Whale

A user with significant in-game assets, potentially influencing the game’s economy.

Whitelist

A list of approved participants for events or token sales within blockchain projects.

Whitepaper

A document detailing the technical vision and specifications of a blockchain project.

Wrapped NFT

An NFT representation on a different blockchain, allowing cross-chain usage and trading.

Wrapped Token

A token that represents another asset on a different blockchain, enabling cross-chain functionality.

X

X

The new name for the social media platform formerly known as Twitter. This rebranding took place in October 2022 after it was acquired by tech entrepreneur Elon Musk for $44 billion. The change to 'X' represents a significant shift in the platform's direction and vision under Musk's leadership.

XRP

A cryptocurrency created by Ripple for fast, low-cost cross-border payments.

Y

Yield Farming

Earning rewards by providing liquidity to the game's ecosystem, similar to planting virtual crops for virtual profit. Players can contribute assets and earn yields as a return, often playing a role in game economies.

YOLO

'You Only Live Once,' a popular acronym and philosophy encouraging people to take risks and embrace life fully. In web3 gaming, it reflects the adventurous spirit where players explore innovations and new opportunities in the gaming world.

Z

Zero-Knowledge Proof (ZKP)

A cryptographic method that allows one party (the prover) to prove to another party (the verifier) that a statement is true without revealing any specific details about the statement itself. ZKPs are valuable for maintaining privacy in sensitive transactions.