Glossary

1. API Key

   • An API key, also known as an application programming interface key, is a code or token that is used to authenticate and authorize access to an API. Such an API Key is required to authenticate and access the NFT Kreator and Kollect APIs

2. Real-world assets

   • Real world assets, or RWAs, are movable items with a real-world existence. Real estate, goods, and art are among examples. The value of the global economy is significantly composed of real world assets. These RWAs can be tokenized using our NFT Kreator Platform.

3. Virtual assets

   • They are a digital representation of value that can be digitally traded, or transferred, and can be used for payment or investment purposes.

4. Blockchain address

   • Every smart contract or account has a unique identifier called an address, associated with it. Just like how a real address is unique, an address on a blockchain will also be unique. In the case of ethereum and other EVM based blockchains, the address is represented using a unique 20 byte (40 characters) hexadecimal string.

5. Transaction hash

   • A transaction hash is a unique identifier for transactions being executed on the blockchain. They contain metadata about the transaction, such as the time of execution, who initiated the transaction, to whom the transaction was sent to, the transaction costs, to which block the transaction belongs to and other information pertaining to the blockchain.

6. Wallet address.

   • A wallet address is a blockchain address, which is not a smart contract. They are also called EOA or externally owned addresses.

7. IPFS

   • IPFS stands for interplanetary file system. IT is a decentralized protocol designed to facilitate the distributed storage and sharing of files on the internet. Unlike traditional client-server models, IPFS uses a peer-to-peer network where files are addressed by their content, rather than their location. Each file on IPFS, will be accessed by a unique id called an IPFS Hash