If you’re relatively new to the metaverse and the world of digital assets, we’ve put together a short guide to help you get to grips with some of the jargon and start your journey with Nativ.
What is the metaverse?
The metaverse is a network of shared, immersive virtual worlds where people can connect with friends, create and play games, work and shop. You can think of the metaverse as a cyberspace, or an evolved, three-dimensional internet
The metaverse is a single, universal virtual world that can be accessed using virtual and augmented reality headsets on supported platforms. When the Metaverse is coupled with Crypto and Blockchain technology, a whole new dimension is added to this definition.
What are cryptocurrencies?
Put simply, cryptocurrency is a form of digital money. Unlike government-based traditional currencies, there are no need for banks, bank cards or connections to banks in the crypto world. Instead, this alternative form of payment uses encryption algorithms and every computer in the network confirms the transactions.
You’ve probably heard of Bitcoin. It was the first ever cryptocurrency that was released in 2008. But since then, thousands of cryptocurrencies have been created, and there are likely to be many more in the future.
What is blockchain?
Blockchain is the technology that allows cryptocurrency to exist. It’s a sequence of blocks or groups of transactions that are chained together and distributed among users. Blockchains store information digitally, and maintain a secure, decentralised record of cryptocurrency transactions in the form of digital agreements called smart contracts.
What is an NFT?
NFT stands for non-fungible token. It’s a unique digital asset that represents some kind of digital item, such as music or digital art. They’re stored on public blockchains and can be bought and sold within the blockchain.
Nativ NFTs are unique in that they have real utility in the Nativerse, enabling you to generate long-term and passive income.
What does Tokenomics mean?
Tokenomics is a term used to refer to the rules that surround a cryptocurrency. This includes how new tokens are added or removed from circulation, maximum token supply and other factors.
As with any reputable project, Nativ’s tokenomics are fixed before launch and do not change.
What is the Nativ Duty?
Every transaction made in the marketplace will be subject to a Duty. This sophisticated system will benefit Nativs and investors by generating further income for users and the economic system.
Find out more about how this works below
How safe are these virtual environments?
Security and transparency are at our core, which is why we will be designing our smart contracts and Nativerse environment to be fully auditable by a recognised, industry-leading third-party audit firm, Certik.
CertiK audits smart contracts of blockchain projects to ensure they are secure to launch and use. To date, CertiK has provided services to over 1,800 clients, detected over 31,000 vulnerabilities in blockchain code, and protected over $310 billion worth of crypto assets.
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