"Web3 Buzzwords: Common Terms You Should Know"

Confused by the jargon in the world of crypto and decentralized tech? Here’s a quick 1-minute guide to the most common Web3 terms every beginner should know.

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🕒 12:01 AM

📅 Jun 17, 2025

✍️ By prejworld



Web3 is the next evolution of the internet — decentralized, user-owned, and powered by blockchain. To get started, you’ll want to know these key terms:

Blockchain: A distributed digital ledger that records transactions across many computers. It’s the backbone of Web3.

Wallet: A digital tool (like MetaMask) that stores your crypto assets and lets you interact with decentralized apps (dApps).

dApp (Decentralized Application): An app built on a blockchain that operates without central authority. Think of it like a crypto version of your favorite apps.

NFT (Non-Fungible Token): A unique digital asset that represents ownership of a specific item or piece of content, often used in art and gaming.

DAO (Decentralized Autonomous Organization): A community-led group with no central leadership, governed by smart contracts and token holders.

DeFi (Decentralized Finance): A blockchain-based financial system that removes traditional banks from lending, trading, and investing.


Learn these basics, and you’re well on your way to navigating the Web3 space with confidence.