📓 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?
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?
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.
Web3: A new iteration of the World Wide Web, which incorporates concepts such as decentralization, blockchain technologies, and token-based economics (i.e., NFTs).