📚Glossary

Buildtree Glossary

A

Allowlist: A list of approved users who have exclusive access to certain features or functionalities within your project before it becomes widely available.

B

Base: A layer 1 blockchain platform that provides the foundation for decentralized applications, offering security and scalability for your projects.

Blockchain Network: A decentralized digital ledger system where transactions are recorded across multiple computers, ensuring transparency and security.

Blast: A rapid deployment feature that allows you to quickly and efficiently launch your NFT project across multiple platforms.

D

Deployment: The process of transferring your project from a development environment to a live blockchain network where it becomes operational.

Domain: A unique name that identifies a website or an online resource, used for branding and easy access by users.

Drop Page: A customized web page designed to showcase and sell your NFTs, providing all necessary details and purchase options for collectors.

E

ERC-1155: A versatile Ethereum token standard that allows for the creation of both fungible (identical) and non-fungible (unique) tokens within the same contract.

ERC-721: The original Ethereum token standard for non-fungible tokens (NFTs), which represent unique digital assets with their own distinct properties.

ETH: The native cryptocurrency of the Ethereum blockchain, used to pay for transactions and computational services on the network.

Ethereum: A popular blockchain platform that enables developers to create and deploy smart contracts and decentralized applications (dApps).

F

Faucet: an online service that provides users with small amounts of cryptocurrency. It functions like a virtual dispenser, giving out coins or tokens for free. Flow EVM: EVM-equivalent sidechain offering high transaction speeds, minimal costs, and a reliable infrastructure.

Free Mint: An option that allows users to mint (create) NFTs without paying a fee, making it more accessible for creators and collectors.

G

Gas Fees: The transaction fees required to conduct operations on a blockchain, like Ethereum. These fees compensate miners for the computational work involved.

I

IPFS: Short for InterPlanetary File System, a decentralized storage system that allows you to store and share files in a distributed network, ensuring security and accessibility.

J

Limited Edition: A type of NFT collection where a fixed number of copies are created, adding scarcity and potential value to each item.

M

Main Net: The primary, fully operational blockchain network where real transactions take place, as opposed to a test network.

Multi-Series: A collection of NFTs that is divided into multiple series, each with its own unique theme or characteristics.

N

NFT: Stands for Non-Fungible Token, a type of digital asset that represents ownership or proof of authenticity of a unique item or piece of content.

NFT Asset: The actual digital content or item (such as art, music, or video) that an NFT represents and links to, proving ownership or authenticity.

NFT Attribute: Specific characteristics or properties of an NFT that make it unique, such as color, rarity, or special abilities.

NFT Collection: A group of NFTs that are related or themed together, often released by a single creator or brand.

NFT Project: An initiative or campaign to create, distribute, and sell NFTs, usually involving a specific theme, goal, or community.

NFT Value: The perceived worth of an NFT, which can be influenced by factors like rarity, demand, creator reputation, and market trends.

Non-Transferable NFT: An NFT that cannot be transferred or sold to another person, often used for personal achievements, memberships, or certifications.

O

One-of-One: A unique, single-edition NFT that is one of a kind, often highly valued due to its exclusivity.

Open Edition: An NFT collection where the number of copies is not fixed and can be minted freely during a certain period, allowing for more widespread ownership.

Optimism: A Layer 2 scaling solution for Ethereum that aims to increase transaction speeds and reduce costs by processing transactions off the main blockchain.

P

Polygon: A Layer 2 scaling solution for Ethereum that provides fast, low-cost transactions and is designed to support the development of decentralized applications.

Pre-reveal: A feature where the details of an NFT are hidden until a specified reveal date, building anticipation and excitement among collectors.

Primary Market: The initial sale or distribution of NFTs directly from the creator or original issuer to buyers.

Private Mint: The process of minting NFTs in a controlled environment, where only selected or invited users can mint an NFT before they become publicly available.

Public Mint: The process of minting NFTs that is open to everyone, allowing any user to create NFTs from a collection once it is launched.

R

Royalties: Ongoing payments automatically made to the original creator of an NFT project each time an NFT is resold on the secondary market, typically set as a percentage of the sale price.

S

Secondary Market: Platforms or venues where NFTs are resold by their owners after the initial sale, often at different prices based on demand and rarity.

SEPOLIA: A test network for Ethereum that allows developers to test and experiment with their projects in a safe environment without using real cryptocurrency.

Series: A subset of an NFT collection, where each series has its own theme or set of characteristics, often released in stages or batches. Shape: Creator-focused sidechain built on Ethereum featuring low fees, gasback rewards, and EVM equivalency.

Smart Contract: Self-executing contracts with the terms of the agreement directly written into code, running on blockchain technology to automate transactions and processes.

Solana: An independent, high-performance blockchain known for its fast transaction speeds and low costs, designed to support decentralized applications and NFT projects.

Stargaze: A blockchain platform specifically designed for NFTs, offering tools and infrastructure to create, manage, and trade NFTs efficiently.

T

Test Net: A testing environment that mimics a main blockchain network, allowing developers to experiment with their projects without the risks associated with live deployments.

W

Wallet: A digital tool that allows users to store, manage, and transact with their cryptocurrencies and NFTs securely.

Wallet Address: A unique string of characters that identifies a user's wallet on the blockchain, used to send and receive cryptocurrencies and NFTs.

Wallet List: A list of wallet addresses that are approved or eligible for certain actions within a project, such as minting NFTs or accessing exclusive content.

Web3: The next generation of the internet, focused on decentralization, blockchain technology, and empowering users with greater control over their data and digital interactions.

Z

Zero Coding: Refers to platforms or tools allowing users to create and deploy blockchain projects without programming knowledge or experience.