web3 simplified

making crypto, NFTs, and the metaverse easier to understand… a project by @ReformersNFT…not financial advice.

[web3 simplified @SimplifiedWeb3]

🚨Until the war ends or something changes:

Anyone who sends this account a DM with a screenshot of a donation of $19 or more to support Ukraine will receive a code to access our course “NFTs Simplified” for FREE.

Pass it on.

💛🇺🇦

#IStandWithUkraine

[web3 simplified @SimplifiedWeb3]

web1: clicks
web2: content
web3: community

[web3 simplified @SimplifiedWeb3]

alpha = new information that isn’t general public knowledge. Sometimes that hasn’t been announced yet

[web3 simplified @SimplifiedWeb3]

Fungible = mutually interchangeable; something that can be replaced by another identical item

Example: 1 dollar bill traded / replaced for another 1 dollar bill

[web3 simplified @SimplifiedWeb3]

DYOR = do your own research

[web3 simplified @SimplifiedWeb3]

web 1: visits
web 2: likes
web 3: $

[web3 simplified @SimplifiedWeb3]

fomo = fear of missing out

[web3 simplified @SimplifiedWeb3]

“I think people should become an #NFT collector before becoming an NFT creator so that they can learn the ins and outs of launches, community, etc.” - @iSocialFanz on the @NFT365podcast

https://t.co/iN0en2Lji2

[web3 simplified @SimplifiedWeb3]

alpha = new information that isn’t general public knowledge. Sometimes that hasn’t been announced yet

[web3 simplified @SimplifiedWeb3]

web1: create website
web2: create profile
web3: create value

[web3 simplified @SimplifiedWeb3]

degen = a slang term for "degenerate"

Typically used to describe someone who is buying, selling, trading, flipping, and or holding NFTs and cryptocurrency.

[web3 simplified @SimplifiedWeb3]

For some people #NFTs are a way to fund their business or their mission in life.

Was just listening to a Twitter space where a guy has an idea to turn empty and abandoned lots in his city into green spaces.

His idea is to sell NFTs to do that.

#NFTCommunity

[web3 simplified @SimplifiedWeb3]

ama = ask me anything

Used when people provide a space for people to ask questions

[web3 simplified @SimplifiedWeb3]

gm = good morning

Todays a great day to learn about web3.

If you already are you’re early.

If you start today you’re not late you’re on time.

#NFTCommunity #NFT #NFTeducation

[web3 simplified @SimplifiedWeb3]

web1: clicks
web2: content
web3: community

[web3 simplified @SimplifiedWeb3]

= aka the “floor price”

the lowest price that an NFT of that collection is selling for (usually in the “buy now” category)

[web3 simplified @SimplifiedWeb3]

web 1 - website
web 2 - social media
web 3 - community

[web3 simplified @SimplifiedWeb3]

#HODL = hold on for dear life

usually refers to #crypto coins or #NFTs and is a general recommendation to hold them and not sell them in a panic when the price drops

[web3 simplified @SimplifiedWeb3]

web 1: read
web 2: write
web 3: own

[web3 simplified @SimplifiedWeb3]

= decentralized finance

An ideal that usually refers to crypto coins and cryptocurrency.

Imagine a currency that is not controlled by one organization or government and where your finances are not controlled by a bank / other organization.

Example: $BTC aka Bitcoin

[web3 simplified @SimplifiedWeb3]

In Episode 8 of the web3 Simplified podcast Sean covers more of:
- What is a #web3 wallet
- Why you need one
- Some of the more popular web3 wallets
- more

Find the podcast on your favorite player here: https://t.co/xZolNz4jCO

[web3 simplified @SimplifiedWeb3]

An oversimplified version of the blockchain: it's a digital record-keeping system through the internet.

This digital record-keeping system keeps track of monetary exchanges (crypto transactions) and other digital assets (#NFTs).

[web3 simplified @SimplifiedWeb3]

Groups of people and organizations have created (somewhat) simple and easy ways for us to keep track of these accounts / mailing addresses so that we can use the blockchain - a web3 wallet.