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Web3 glossary


A mainnet is a working and fully-operational blockchain which can now be used by the public. The transactions are being broadcasted, verified and recorded on the blockchain.

Market Cap

Market Cap refers to the total value of a cryptocurrency’s circulating supply. If you’d like to calculate this, you multiply the current price of a token by its circulating supply.


Short for maximalist. A maxi refers to an individual who believes that their project will be superior to all other cryptocurrencies. They also advocate converting all their assets and just buying into the project.


Memecoins are cryptocurrencies that are based on popular internet memes and don’t really have any utility. 

Even though they start out as jokes, they do have the ability to gain traction through community efforts as well as potential token burns which increase their scarcity and in turn the value of the memecoin. The first memecoin ever created was Dogecoin.


Mempool is a combination of the words “memory” and “pool”. You can think of it as a waiting room for transactions that have not yet been included in a block.


Formerly known as Facebook, Meta aims to help build the metaverse . This corporate giant also utilizes Arweave to store its Instagram NFTs.


The metadata of an NFT refers to the additional information about an NFT such as its name, description, creator and associated asset.


Metamask is a hot wallet that interacts with the Ethereum blockchain. It allows users to access their wallet and interact through a mobile app or a chrome extension. Users are able to store, send, convert, swap tokens and interact with decentralized applications.


The Metaverse, a subsection of Web3, is an evolving concept of 3D virtual reality where users can trade digital assets such as virtual real estate and other items via their avatar.


Mining is the process of verifying transactions, organizing them into blocks and then adding them to a Proof of Work(POW) blockchain.


Minting is the process of validating information and creating new blocks in a Proof of Stake(PoS) blockchain. In return, they receive block rewards i.e tokens. 

Minting is also used to refer to the process of minting an NFT which means creating a unique token on a blockchain. Once it has been minted, it is stored and exists on the blockchain.

Mooning – To The Moon

Mooning, also known as “to the moon”, refers to a cryptocurrency’s price rising so rapidly that its price will literally skyrocket to the moon.


Multichain refers to decentralized applications that are deployed across multiple blockchains that utilize similar smart contracts.