# Glossary

**OpenMotion** - An All-In-One Web3 Ecosystem For Animation.

**$ANME** - OpenMotion  token.

**Token** - A crypto token is a digital currency. It represents a utility and allows the holder to use it for investment or economic purposes.

**Blockchain** - A blockchain is a distributed database that is shared among the nodes of a computer network.

**NFT** - A non-fungible token (NFT) is a unique\[[disputed](https://en.wikipedia.org/wiki/Wikipedia:Disputed_statement) – [discuss](https://en.wikipedia.org/wiki/Talk:Non-fungible_token)] and non-interchangeable unit of data stored on a [blockchain](https://en.wikipedia.org/wiki/Blockchain), a form of digital [ledger](https://en.wikipedia.org/wiki/Ledger). NFTs can be associated with reproducible digital files such as photos, videos, and audio. NFTs use a digital ledger to provide a public [certificate ](https://en.wikipedia.org/wiki/Certificate_of_authenticity)e World Wide Web based on blockchains, which incorporates concepts including of[ authenticity](https://en.wikipedia.org/wiki/Certificate_of_authenticity) or [proof of ownership](https://en.wikipedia.org/wiki/Title_\(property\)).

**Web3** -  is an idea for a new iteration of decentralisation and token-based economics.

**DAO** - digital decentralized autonomous organisation.

**INO** - Initial NFT offering.

**ERC20** - the technical standard for fungible tokens created using the Ethereum blockchain. A fungible token is one that is exchangeable with another token, whereas the well-known ERC-721 non-fungible tokens (NFTs) are not.

**BEP20** - is a token standard on BNB Smart Chain (BSC) that extends ERC-20, the most common Ethereum token standard.