Glossary

3D engines

3D engines are a type of rendering engine used to create virtual computer simulations and video games.

5G

5G is the fifth-generation technology standard for broadband cellular networks.

A Decentralized Autonomous Organization (DAO)

A Decentralized Autonomous Organization (DAO) is an online digital system that enables individuals or groups to collaborate in the Metaverse based on rules defined by smart contracts. By leveraging Exarta’s Metaverse, users can have a say in the direction of the project, allowing for an engaging and community-driven experience. With voting rights, users are rewarded and can enjoy the fulfilling experience of participating in a DAO.

Artificial Intelligence (AI)

Artificial Intelligence (AI) combines a variety of technologies to enable machines to sense, comprehend, act and learn with levels of intelligence comparable to that of humans.

Augmented Reality (AR)

Augmented Reality (AR) is a technology that enhances a real-world environment by adding virtual, interactive objects. It allows users to interact with a real-world environment in a visually, audibly, and sensually stimulating way. An example of AR is Pokémon Go, which adds Pokémon to a natural landscape as viewed through a smartphone's camera.

Avatar

Avatar is a digital person or a character assigned to an Internet user in the virtual world, for example in a computer game or metaverse.

Bitcoin (BTC)

Bitcoin (BTC) is a decentralized digital currency that is stored on a blockchain and transacted via a peer-to-peer network.

Blockchain

A blockchain is a decentralized, distributed, and oftentimes public, digital ledger consisting of records called blocks that are used to record transactions across many computers so that any involved block cannot be altered retroactively, without the alteration of all subsequent blocks.

Central gateways

This type of gateway is a dominant model of virtual worlds controlled by a single entity. Typically, one person or group is in control and operates the entire metaverse.

Cloud

Cloud or cloud computing is currently the preferred way to run computers in a data center. The cloud represents the approach of separating the physical hardware such as servers and storage from the actual software - the operating system and applications.

Cryptocurrency

Cryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions. It is not regulated by any single central authority and is stored on a blockchain, a public ledger. Cryptocurrency allows users to perform transactions without revealing their identities and without the need for financial institutions. It has been widely used as a form of payment and investment.

Decentralized gateways

Decentralized gateways operate independently of centralized control and can provide a seamless and secure connection between various decentralized networks. They are designed to enable data transfer and communication without relying on a single point of failure, providing better resilience and reliability.

Digital twins

A digital twin is a digital representation of a tangible or intangible object from the real world in the digital world.

Digital Wallet

Digital Wallets are secure locations on the blockchain where users can store their public or private keys and passwords, allowing them to securely hold and make transactions with cryptocurrency. These wallets are essential for keeping track of Metaverse transactions in a transparent and secure environment. Using digital wallets, users can easily manage their crypto and monitor the history of their transactions.

Edge computing

Edge computing is an innovative technology that enables faster data transmission for the sophisticated infrastructure of the Metaverse, which is essential for businesses worldwide. It provides end-users with cloud computing services and a range of other solutions, such as storage, computation, and data processing.

Extended Reality (XR)

Extended Reality (XR) is an umbrella term for a variety of computer-generated environments that combine elements of the physical and virtual world. It covers technologies such as virtual reality (VR), augmented reality (AR), and mixed reality (MR). As these technologies become increasingly intertwined, XR is seen as the more preferable term for describing them collectively.

Free-to-Play-Game

Free-to-play (F2P) games are online games that can be played free of charge.

GameFi

GameFi is a combination of the terms Gaming and Decentralized Finance (in short "DeFi"') and describes the integration of Blockchain applications in the gaming sector for monetization purposes, among other things.

Governance tokens

Governance tokens give holders the ability to influence decisions affecting the core protocol, product or feature roadmap, hiring and staffing, and changes to governance parameters.

Immersion

Immersion describes the effect produced by a virtual reality (VR) environment that causes the user's awareness of being exposed to illusory stimuli to fade into the background to the point where the virtual environment is perceived as real.

Interoperability

Interoperability is the capacity for different computer software systems to interact, transfer data, and make use of the information being exchanged. This allows users of one system to easily collaborate and engage with people on a distinct platform as well as share content and data.

MemeCoin

A memecoin is a cryptocurrency that gains popularity through internet memes and viral content, rather than intrinsic value. Often created as jokes or parodies, memecoins use internet culture references to attract attention and a user base. They can experience rapid price fluctuations, making them risky investments.

Meta

1) The prefix meta- means "between." In the context of the metaverse, "between the real and virtual world". 2) New name for the Facebook company.

Metaverse

A metaverse is a consistent and persistent digital space created by the convergence of virtual, augmented, and physical reality - including the sum of all virtual worlds, augmented reality, and the Internet.

Metaverse Marketplace

Metaverse Marketplace is a decentralized platform powered by blockchain technology that allows Metaverse users to buy, sell, and trade virtual goods and assets.

Metaverse-as-a-Service (MaaS)

Metaverse-as-a-Service (MaaS) is an enterprise solution that provides an easy way for businesses, organizations, and individuals to access and utilize a 3D virtual environment. Unlike Software-as-a-Service (SaaS), MaaS streamlines the process of building, managing and utilizing a virtual world by leveraging existing Metaverse infrastructure.

Mixed Reality (MR)

Mixed Reality (MR) is a technology that merges the physical and digital worlds, combining the features of both Virtual Reality (VR) and Augmented Reality (AR). With MR, users can interact with both real-world objects and virtual objects, creating new and exciting experiences.

NFT

A Non-Fungible Token (NFT) is a cryptographically unique, indivisible, irreplaceable, and verifiable token that represents a specific item, whether digital or physical, in a blockchain.

NFT Fragmentation

NFT fragmentation is equivalent to “redistribution of assets". Insufficient liquidity has become an urgent problem to be solved in the process of the NFT market in the future.

NFT Gaming

NFT gaming is games that are based on NFT technology.

NFT Marketplace

An NFT marketplace is a web platform where users buy, sell and create NFTs.

Participation Experience (PX)

PX is an experience that is happening between two and more people who share the same event simultaneously.

Phygital

Phygital defines bridginging the gap between the physical world and the digital.

Play-to-collect

Players collect rewards that help them progress and stay motivated to continue playing the game.

Play-to-earn

The player can earn cryptocurrencies while playing a blockchain-based game.

Smart Contract

A Smart Contract is a self-executing agreement that exists and operates on a blockchain network. They enable programmatic exchanges of value, which have paved the way for the development of new decentralized applications (e.g., DeFi and DAOs). NFTs (non-fungible tokens) are also powered by these self-executing contracts.

Spatial Computing

Spatial Computing is a revolutionary technology that brings computing into the real-world environment. It utilizes output technologies such as 3D graphics, spatial audio and image, gesture, and facial recognition, along with digital twins and advanced user interfaces, to immerse users into a computing environment. This cutting-edge technology is essential for powering the Metaverse and has the potential to revolutionize how we interact with the world.

Token

A token (English: token, token, coin) represents an asset or an economic good.

Virtual Reality (VR)

Virtual Reality (VR) is an immersive computer-generated environment with digital scenes and objects that look and feel real. It allows users to explore a digital world through the use of a headset, and interact with their surroundings.

Web 1.0

Web 1.0 was the first stage of the World Wide Web revolution, usually referred to as the read-only Web. Websites were informational and contained only static content connected by hyperlinks, or in simple terms, there was no CSS, no dynamic links, no interactivity such as users logging in, commenting on blog posts, etc.

Web 2.0

Web 2.0 refers to a web era that emphasizes user-generated content, usability, participatory culture, and interoperability for end users.

Web 3.0

Web 3.0, also known as the Third Generation Internet, is the next evolution of the World Wide Web. It features a data-driven semantic web that employs a machine-based understanding of data to develop a smarter and more connected web experience for users.

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