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What is Web3?
Web3 refers to the third generation of the World Wide Web, which is a decentralized network of networks that allows users to interact with and access information from anywhere in the world. Unlike the centralized, server-based architecture of the first and second generations of the web, web3 is built on decentralized technologies, such as blockchain and peer-to-peer (P2P) networking.
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What are DLT ledgers?
DLT, or distributed ledger technology, refers to a decentralized system for storing and sharing data across a network of computers. DLT ledgers are a type of DLT that use a distributed database to store and manage data, such as financial transactions or other types of records.
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What are Non-Fungible Tokens (NFTs)?
Non-Fungible Tokens (NFTs) are a type of digital asset that represents ownership of a unique item, such as a piece of art, a collectible, or a digital asset. NFTs are stored on a blockchain, which provides a secure and transparent record of ownership.
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What is a blockchain domain?
A blockchain domain is a web address that is built on top of a blockchain network, rather than the traditional domain name system (DNS). Instead of using a central authority to manage and maintain the database of domain names and their corresponding IP addresses, blockchain domains use decentralized, distributed ledger technology to store and verify this information.
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How safe are NFTs as digital assets
NFTs, or non-fungible tokens, are generally considered to be very safe as digital assets, due to the decentralized and secure nature of the blockchain technology that underpins them.