📙Glossary

Collection: A set of NFTs within the same contract.

Collection Offer: An offer which gets submitted on all items within a collection.

Contract: A Casper smart contract.

Floor Price: The lowest amount of money required to spend to obtain an NFT using the "Buy Now" function.

Gas: The cost required to perform a transaction, priced in CSPR.

KNFT: The native token of KUNFT Marketplace.

Minting: When you mint an NFT, you’re recording data that comprises a new NFT in a new block that’s then added to a blockchain.

NFT: Non-fungible tokens give you ownership of artwork, music, videos and other online collectibles.

Royalties: Fees which are paid to collection owners upon each trade done on KUNFT Marketplace.