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Migration is the process of moving from one blockchain to another. However, the migrating blockchain native tokens (including NFTs) also move with it during migration. Blockchain migration might occur for several reasons. Some include slow transaction time and the cost of producing new blocks.
Ethereum’s plan to transition to a PoS blockchain is an example of blockchain migration.
As opposed to on-chain metadata, off-chain metadata refers to token information stored outside of the blockchain. Off-chain transactions are less-secure since they don’t exist on
A combination of meat (flesh) and space (habitat); describes the physical world. It’s the opposite word of cyberspace. Examples “The metaverse can never be like
An NFT metadata contains vital information about that NFT. Most projects store NFT metadata in a distributed file system called the IPFS (InterPlanetary file system).
It defines the rate of fluctuation (drop and rise in the worth) of an NFT project or crypto over time. Unlike fiat currencies, cryptocurrencies and
Refers to token storage that rewards people for participating in token staking or sometimes crypto campaign, usually a P2E game. The reward pool typically contains