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Web3 glossary

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Term
Definition
1:1 Art

A unique NFT that is one-of-a-kind. Mike Winkelmann, AKA Beeple, has produced some of the most famous 1:1 NFT art.

10k Project

A 10k project refers to NFT collections which have 10,000 unique NFTs with various traits. Bored Ape Yacht Club (BAYC) and CryptoPunks are 10k projects with the biggest following.

51% Attack

A 51% Attack occurs when a group of miners control at least 51% of the blockchain network’s mining hash rate. By doing so, they have the ability to insert an alternate blockchain, which can theoretically be accepted by the network as the attackers own a majority share.