# Definitions ★ **Whitepaper**- a more in-depth version of the Pitch Deck/Information log about Jaynetics as a whole ★ **Pitch Deck**- a presentation deck that is used to pitch a idea or company to a wider audience ★ **Metaverse**- a platform for a virtual space commonly VR/AR ★ **NFT Utility**- services provided/unlockable content through ownership of a particular token ★ **Metaverse Environment**- a virtual space with limitless creative capabilities; a virtual world ★ **Tokenomics**, also known as Token economics - is the study of parameters that determine the characteristics of cryptocurrencies (cryptos) or cryptographic tokens to create economic value. Both cryptocurrency and tokens are the subclasses of digital assets that use the technology of cryptography. ★ **Smart Contract** - is simply a program that runs on the Ethereum blockchain. It's a collection of code (its functions) and data (its state) that resides at a specific address on the Ethereum blockchain. Smart contracts are a type of Ethereum account. This means they have a balance and can be the target of transactions ★ **Web 3.0** - sometimes known as Web 3, is the concept of the next generation of the web, in which most users will be connected via a decentralized network and have access to their own data ★ **Web 2.0** - the second stage of development of the World Wide Web, characterized especially by the change from static web pages to dynamic or user-generated content and the growth of social media. ★ **Standardization** - the process of making something conform to a standard. ★ **Integration** - the action or process of integrating. ★ **Metaverse** - The metaverse is a vision of what many in the computer industry believe is the next iteration of the internet: a single, shared, immersive, persistent, 3D virtual space where humans experience life in ways they could not in the physical world ★ **NFT**- a non-fungible token or non-replaceable token ○ ERC-721- one on one irreplaceable token. The standard for NTFs on the ethereum blockchain ○ ERC-1155- Similar to a ERC-721 except with limited editions ○ ERC-20 - a fungible token used for crypto currencies, for example ethereum --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://jaynetics-llc.gitbook.io/jaynetics-llc-brief-rundown-and-information/whitepaper/definitions.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.