📓 Glossary of Terms
Blockchain: A way of storing data. All data stored on a blockchain is permanent, immutable, and open access.
Copyright: You own all the rights to the content you create and publish on Soltype (assuming it was yours to begin with). You will always hold your work’s copyright, even if you sell your written work. See: How do copyrights work on Soltype?
Carbon-neutral: When a single entity's amount of carbon dioxide emissions equals the amount of carbon dioxide removed from the atmosphere. Soltype is carbon neutral. See: What is Soltype’s impact on the environment?
Carbon-negative: When the amount of carbon dioxide removed from the atmosphere is greater than the amount of carbon dioxide emitted by a single entity. Soltype has set the goal to become carbon negative by 2030. See: What is Soltype’s impact on the environment?
Gas fees: When you publish, buy, or sell on our platform, these actions are recorded on the Solana blockchain. The cost to record the data of these actions is called a gas fee. See: Does it cost anything to use Soltype?
Licensing: As a writer publishing on Soltype, you may only license the copyright of your work. See: What licenses can I choose for my work?
Literary NFTs: A unique, digital piece of text. Because it is unique, it cannot be substituted or replaced by something else. See: What is a Literary NFT?
Minting: Minting refers to the process of uploading a digital object (e.g., a written work) to a blockchain. When that happens, an NFT is created to represent that digital object.
Phantom wallet: A digital wallet that allows you to securely receive money from every sale and purchase of written works on Soltype. It is also where all your NFTs are kept (incl. written works purchased through Soltype). See: How do I get started on Soltype?
Primary sale: The first sale of a written work. 100% of the profits from the sale go to the writer. See: How do royalties from secondary sales work?
PROFILE: Soltype’s collection of digital artwork NFTs. Purchasing a PROFILE for 1 SOL is the only way to become a verified user on Soltype. See: How do I become a verified user on Soltype?
Royalty splitting (Coming soon): Sharing royalties and profits between more than one writer per piece. See: How can I use Soltype to publish collaboratively?
Secondary sale: Every sale after the first sale of a written work. Occurs when a buyer re-sells a collected written work. See: How do royalties from secondary sales work?
Secondary royalties: The percentage the writer receives from the sale price of every secondary sale of their work. See: How do royalties from secondary sales work?
SOL: The cryptocurrency used in all transactions on Soltype. For steps on how to add SOL to your wallet, see: How do I get started on Soltype?
Soltype’s promotion model (coming soon): The unique model Soltype uses to help writers find new readers. It works by turning buyers and readers into a mini sales force for each writer. See: How does Soltype help writers reach new readers?
Smart contracts: The self-executing agreements that follow NFTs wherever they go.
Storyworlds (Coming soon): Soltype's unique and unlockable reading experience brings readers and writers closer to the story and one another. See: Storyworlds: How Soltype makes reading different.
Tipping (Coming soon): Readers tip written works to unlock Storyworlds. Tips are shared between the writer and buyer. See: Why would a reader tip a written work? & How much money can a writer make with Soltype?
Web3: A new iteration of the World Wide Web, which incorporates concepts such as decentralization, blockchain technologies, and token-based economics (i.e., NFTs).