Web3 jargon, translated for humans.

We're unearthing the simple, grounded metaphors behind the confusing terms. This is a public lexicon for a clearer digital world.

The Cornerstones

The Lexicon

Published

Digital Deed

(Formerly: "Non-Fungible Token" or "NFT")

A unique, verifiable proof of ownership over a specific asset. The "title" to your digital house.

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Published

Digital Receipt

(Formerly: "Fungible Token" or "FT")

An interchangeable, verifiable proof of value or membership. A "casino chip" or "ticket stub" for the web.

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Published

Web3

The idea of a new, decentralized internet.

Metaphors: The Owned Web, The Read-Write-Own Web, The Post-Landlord Internet.

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Being Unearthed...

Burning

The act of permanently destroying a digital asset.

Metaphors: Official Decommissioning, Taking Out of Circulation, The Digital Shredder.

Coming Soon
Published

Programmable Charter

(Formerly: "Smart Contract")

The self-enforcing, transparent, and auditable set of rules that governs a Digital Co-op.

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Being Unearthed...

Blockchain

A distributed, unchangeable public database.

Metaphors: The Public Ledger, The Unforgeable Catalogue Raisonné, The Notary's Book.

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Being Unearthed...

Minting

The act of publishing a unique asset to the blockchain.

Metaphors: The Digital Publishing Run, Striking the Coin, The Act of Provenance, Firing the Kiln.

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Published

Digital Co-op

(Formerly: "Decentralized Autonomous Organization" or "DAO")

A member-owned digital organization, governed by a transparent and programmable charter.

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Being Unearthed...

Wallet

Software that holds your private keys and assets.

Metaphors: A Digital Safe Deposit Box, Your Digital Keychain, The Deed Box.

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Being Unearthed...

Gas Fee

The cost of making a transaction on the blockchain.

Metaphors: The Notary Fee, The Filing Fee, The Transaction Toll.

Coming Soon
Published

Digital Provenance

(Formerly: "Soulbound Token" or "SBT")

A non-transferable record of identity, skill, or affiliation. The "curated self."

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