# Definitions

**Blockchain technology** is an advanced database mechanism that allows transparent information sharing within a business network. A blockchain database stores data in blocks that are linked together in a chain.

**Solana** is a blockchain platform designed to host decentralized, scalable applications. Founded in 2017, it is an open-source project currently run by Solana Foundation based in Geneva. Solana is carbon-neutral blockchain, known for its speed in terms of the number of transactions it can process and has significantly lower transaction fees than rival blockchains like Ethereum.&#x20;

**Crypto wallet** is a digital wallet that enables users to send and receive cryptocurrency transactions - an approach that's similar in concept to how a traditional bank account enables users to conduct transactions. For many users, a crypto wallet is a primary mechanism for managing cryptocurrency balances.

**Cryptocurrency** like Bitcoin is a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.

**DAO** is a decentralized autonomous organization; a management structure that uses blockchain technology to automate some aspects of voting and transaction processing.

**SubDAO** is a multi-chain DAO protocol that helps manage digital assets through multi-signature, voting and other decentralized features. SubDAO is committed to providing a general and widely applicable DAO tool in the venture capital and digital assets management field.

**Game-Fi** is the intersection of gaming and finance in an environment driven by use of blockchain, non-fungible tokens (NFTs) and smart contracts.&#x20;

**Social-Fi** brings together the worlds of social media and DeFi (decentralized finance). So, a SocialFi platform would essentially welcome a decentralized aspect to the activities of creating, managing, and owning the various content users create on the social media of today's internet.

**Web3.0** describes the next evolution of the World Wide Web, placing a strong emphasis on decentralized applications and extensive use of blockchain-based technologies.

**NFTs** are non-fungible tokens, which are generally created using the same type of programming used for cryptocurrencies. In simple terms these cryptographic assets are based on blockchain technology. They cannot be exchanged or traded equivalently like other cryptographic assets.

**NFC** is Near Field Communication technology that allows users to make secure transactions, exchange digital content, and connect electronic devices with a touch.

**AR** is Augmented Reality; a technology that superimposes a computer-generated image on a user's view of the real world, thus providing a composite view.


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