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KYC

What does KYC means?

KYC is an acronym for “know your customer,” often required as a registration phase in crypto trading apps like Binance. The purpose of KYC is for identity verification, to ensure that a customer is who they claim to be. A typical KYC involves ID verification, fingerprint, and facial capture, among many others.

Random Slangs

Wallet

Refers to a digital store or purse where you keep your tokens and digital assets. You need a wallet address to store your NFTs and

Open editions

These are NFTs offering an unlimited number of mints within a specified time frame. As opposed to limited editions, collectors can mint as much as

Meatspace

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

Moon

An NFT way of describing a rapid increase in the volume and price of a cryptocurrency or digital asset. The “moon” is the ultimate goal

Never trust, always verify

A warning to assume that every other person or project on the internet is a scam. Otherwise known as the zero trust in cyber security,

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