WHAT & HOW
Learn WHAT are the technological innovations, like NFTs and blockchains, that make CryptoMob and HOW to use them confidently. Check out our educational content explaining all of that in plain text, graphics and videos. No previous technical knowledge is required – if you know how to use a smartphone, the rest is a piece of cake. And there are no silly questions, so please reach out to us any time via email or social media.
What do you mean by…
Blockchain, Open Public
a type of database with specific properties that make the recorded data immutable (unchangeable), temper resistant and final. Open public blockchains are built on decentralised networks of globally interconnected computers where no single party controls the network. Their decentralised governance and architecture offer the highest levels of transparency, trust, and security. When data, such as an NFT is recorded in a block and confirmed by participating computers in the network, the block is attached in an append-only sequential way to the previous block forming a chain of cryptographically connected blocks (hence the term ‘blockchain’).
Cryptocurrency
blockchain-native tokens cryptographically secured and created within a blockchain to reward open public blockchain network participants for maintaining the network – a form of internal blockchain money, like bitcoins (plural, unlike the Bitcoin network) or a utility token required for using the network (such as Ether – needed for developing decentralised applications within the Ethereum blockchain).
Crypto Assets
all forms of digital assets, including cryptocurrencies, non-fungible tokens and other assets that are natively built into/with a blockchain.
Fungible Tokens
identical tokens, like cryptocurrencies where one bitcoin is equal in value to another bitcoin.
Non-Fungible Tokens (NFTs)
type of crypto assets, where each NFT is uniquely different from any other one and cannot be exchanged like-for-like. Each NFT is cryptographically linked to a digital asset, which could be a photo, an illustration, a video clip, a music file, or a concert ticket. A person who holds the NFT can rightfully and transparently prove ownership of the particular digital asset. We like NFTs because NFTs allow for full transparency and traceability of a crypto asset, making them a perfect tool for tracing and paying royalties and protecting artist/owner IP any time an asset is traded. NFTs on open public blockchains are ideal tools for building transparent and fair markets.
Smart Contract
a computer program that automatically executes coded procedures when certain conditions are met. For example, when a specific price is paid, a digital asset, like an NFT, is automatically released to the buyer. Smart contracts written on open public blockchains are immutable and cannot be arbitrarily stopped or censored.
Web 3
Web 3 (also Web 3.0) is an evolution of the current interactive Web 2.0. The latter is built on blockchain technologies and supports crypto assets, which allow for a wholly different internet experience. Web users can now own and P2P-trade all sorts of crypto assets, such as an unique painting or a song (NFT), without the need for traditional intermediaries, like content streaming platforms.
Mob, CryptoMob
in Australian Aboriginal English, mob refers to a group of people, such as family, clan and community related to a particular place and cultural identity. CryptoMob is the official name for the business that refers to Australian Indigenous artists and their local communities as well as global patrons, connected by and engaged with our NFT art platform.