Glossary Crypto & Web3
NFT
A token recording ownership of a specific item rather than an interchangeable unit. What the holder actually owns depends entirely on the terms attached, which are often narrower than buyers assume.
Seen in our coverage of NFT
Stories where this term does real work, rather than appearing in passing.
More from the glossary
Custody
Who actually holds the keys. Self-custody means you do; a custodian means a regulated firm does,…
Proof of work
A method of securing a blockchain by requiring real computing effort to add blocks. It is…
Bitcoin
The first widely used cryptocurrency, launched in 2009. Its supply is capped by its own software…
Leverage
Using borrowed money to increase exposure. It multiplies gains and losses equally, and forced selling by…