What is the difference between Assets, Streets, Collections, and NFTs in DecentWorld?
Asset and NFT are the two general terms that can be used to describe valuables available to purchase on the DecentWorld platform. Those valuables, or Assets, or NFTs are Streets and Collections. Streets are exactly what the word says – streets in the map, that have their real life counterparts in the real world. Consider Wall Street, for example – just like there is one in New York, United States, there is one on DecentWorld. Collections are more complex Assets, consisting of a certain number of Streets. For example, 5 Basic Streets of London comprise the London Basic Collection. Collections are NFTs in their own regard, meaning – as soon as the Collection is finished, it becomes a unique NFT, which can be staked or put on a Market as a unique Asset. Stay tuned!