From Altcoins To Testnets: Here’s An Updated Glossary Of Web3 Terms You Need To Know

Whether it’s Meta, a MetaMask or the metaverse, here’s an explanation for many of the most commonly-used web3 terms.

Airdrop. In the crypto world, an airdrop is a free distribution of tokens or coins from a company directly into its users’ or members’ wallets.

Altcoins, or alts, are cryptocurrencies that are relatively new to the market and that have relatively low valuations. A conjoining of the words “alternative” and “coin,” the term “altcoin” initially was used to refer…

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