Glossary

• Decentralized Finance (DeFi): A collective term for financial services based on public blockchains, mainly Ethereum. With DeFi, you can perform the same operations as those handled by banks - earn interest, borrow and extend loans, buy insurance, trade derivatives, trade assets and much more - but faster and without unnecessary formalities or the involvement of third parties. As in the case of cryptocurrencies, DeFi is global, peer-to-peer (i.e. directly between two people, not through a centralized system), ensures pseudo-anonymity and global availability.

• Non-Fungible Token (NFT): A unique digital (or real, reflected on the blockchain) asset, representing a wide range of tangible and intangible items, such as sports trading cards, virtual real estate or virtual works of art .

• Metaverse: A hypothesized iteration of the Internet, supporting persistent online 3D virtual environments through conventional personal computing, as well as virtual and augmented reality headsets.

• TX: Total Experience

• Fungible Token: A type of cryptographic token, each unit of which possesses the same value thus interchangeable with another token of its kind

• DApp: Decentralized application

• TPS: Transaction Per Second Public blockchain: An open blockchain network where anyone can join, read, and write data

• Token Economy: A form of behavior modification designed to encourage certain target behavior by providing tokens as rewards which can be exchanged for tangible/intangible reinforcers