dropout invests in web3 - what is it all about? FAQ
What is web3?The term "web3" is used to describe the third incarnation of the internet, based on blockchain technology, considered by many to be the evolution of the current iteration of the web (2.0) dominated by social networks.
What is Blockchain?The term blockchain tends to identify a technological architecture based on a shared network of "nodes" (connected devices) and which allows the maintenance of a permanent register containing information of all the operations performed. Such data is fully accessible (and therefore verifiable) in a shared way in the network, effectively removing the need for a central control and verification entity. This allows you to verify in an almost unequivocal way who is the owner of what as well as the full transaction history of a given product or content.
What is an NFT?NFT stands for non fungible token. The classic example proposed is that of money: a 1 euro coin can be replaced with another coin and the two have the same value, while a work of art is unique and therefore non-fungible.
NFTs can actually represent anything from simple images to corresponding tangible products in the real world.
NFTs are typically bought and sold online (using cryptocurrencies or traditional currencies) and held in digital wallets stored on the blockchain.