Monday, October 2, 2023
HomeNFTMetaverse, Web3, NFT, DAO: A Guide to 2021's Tech Buzzwords

Metaverse, Web3, NFT, DAO: A Guide to 2021’s Tech Buzzwords

This year, tech CEO was inspired by the science fiction novels of the 1990s, and Reddit’s investor glossary is that “Diamond Hands” and “Apes” rock Wall Street, and what’s called DAO is rare in the United States. It became mainstream when I tried to buy a copy. Constitution.

If you’re still drawing a blank to conclude 2021, see the following short glossary.


The Metaverse Broadly, it refers to a shared, immersive digital environment where people can move and access through virtual reality or augmented reality headsets and computer screens.

Some tech CEOs are confident that they will be the successor to the mobile internet. The term was coined in the dystopian novel “Snow Crash” 30 years ago. CEO of this year’s technology company Microsoft To Match group We discussed their role in building the Metaverse. During October Facebook has been renamed itself Meta To reflect the focus of that new Metaverse.


Web3 Used to describe the potential next step in the Internet: the distributed Internet running on the blockchain of records management technology.

This model, in which users own the platform and applications, is different from today’s Internet, known as Web 2. Facebook And the alphabet Google Controls the platform.

Social audio

Tech companies are lyrically talking about tools for live audio conversations this year and are rushing to release features after the once-invited and noisy app. club house saw Initial surge middle COVID-19 (new coronavirus infection) Blockade.


Non-substitutable tokenSoaring in popularity this year is a type of digital asset that resides on the blockchain, a record of transactions held on networked computers.

March, work of an American artist Beeple Sold for About $ 70 million (Approximately Rs. 530 Chlore) Christie’s first sale by a major auction house of art that does not exist in physical form.


Decentralization, the transfer of power and operations from central authorities such as businesses and governments to the hands of users, has emerged as an important theme in the technology industry.

These changes can affect everything from industry and market organization to features such as platform content moderation. twitterFor example, we are investing in a project called Bluesky to build a decentralized common standard for social networks.


A Decentralized Autonomous Organization (DAO) is an Internet community that is owned by its members and runs on blockchain technology. DAO uses smart contracts, that is, code that establishes group rules and makes decisions automatically.

In recent months, crowdfunding crypto group Constitution DAO has tried to buy a rare copy of the US Constitution at an auction held by Sotheby’s, but failed.


The deliberate misspelling of this “stock”, which originated from the internet meme, attracted attention as an online trader gathering in forums such as: Reddit WallStreetBets has pushed up stocks including: GameStop And AMC. These trader terms have become mainstream, calling themselves “apes” and praising the “diamond hands” that held their position during major market volatility.


GameFi is a broad term that refers to gamers’ revenue trends. Cryptocurrency By playing video games, players can make money through mechanisms such as earning monetary tokens to win battles in the popular game Axie Infinity.


This term covers all cryptocurrencies except: Bitcoin, EthereumAiming to become the backbone of the financial system of the future, DogecoinOriginally created as a joke, the digital currency popularized by Tesla CEO Elon Musk..

FSD beta

Tesla has released a test version of the upgraded Fully automatic driving (FSD) software is a system of driving assistance functions such as automatically changing lanes and turning directions this year.

The name of the highly scrutinized software itself is controversial, with regulators and users saying it misrepresents its functionality because it still requires the attention of the driver.


“Fab”, an abbreviation for semiconductor manufacturing plant, entered the mainstream glossary this year because the shortage of chips from fabs was attributed to the global shortage of everything from automobiles to gadgets.

Net zero

The term popular this year, thanks to the COP26 UN Climate Change Conference in Glasgow, means that a country, company, or product does not contribute to global greenhouse gas emissions. This is usually achieved by reducing emissions, such as the use of fossil fuels, and balancing the remaining emissions with efforts to absorb carbon, such as tree planting. Critics say that no emissions are acceptable.

© Thomson Reuters 2021


- Advertisment -
Google search engine

Most Popular

Recent Comments