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Glossary

Essential terminology for Web3, blockchain, IIIF, and museum standards explained simply.

Blockchain

A distributed digital ledger that records transactions across many computers so that the record cannot be altered retroactively.

Web3

DAO

Decentralized Autonomous Organization. An organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government.

Web3

Digital Twin

A virtual representation of an object or system that spans its lifecycle, is updated from real-time data, and uses simulation, machine learning to help decision-making.

Technical

IIIF

International Image Interoperability Framework. A set of shared application programming interface (API) specifications for delivering images over the web.

Standards

Metadata

Data that provides information about other data. In cultural heritage, this includes artist name, date, medium, dimensions, and provenance.

General

Minting

The process of uniquely publishing your token on the blockchain to make it purchasable.

Web3

NFT (Non-Fungible Token)

A unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership.

Web3

Phygital

The bridging of the physical and digital worlds. In our context, linking a physical artwork to a digital blockchain record via NFC or QR codes.

General

Provenance

The chronology of the ownership, custody, or location of a historical object. We use blockchain to make this immutable and transparent.

General

Smart Contract

A self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code.

Web3
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