# Glossary

This glossary contains terms and definitions used throughout the ZeroX Network documentation.

## Digital Asset

A **Digital Asset** encompasses a broad range of digital forms with intrinsic or assigned value, operable and transferable via digital platforms. This term, while often interchangeably used with Non-Fungible Tokens (NFTs), also extends to include Fungible Tokens (FTs), Bitcoin Ordinals, various cryptocurrencies, and more. Each category under the digital asset umbrella brings unique characteristics and uses:

* **Non-Fungible Tokens (NFTs)**: Unique digital tokens that represent ownership or proof of authenticity of a specific item or piece of content, stored on a blockchain. Unlike fungible assets, each NFT has distinct properties and cannot be exchanged on a one-to-one basis with another NFT.
* **Fungible Tokens (FTs)**: Digital tokens that are interchangeable with tokens of the same type, making them ideal for use as a medium of exchange or a measure of value. Cryptocurrencies like Bitcoin and Ethereum's Ether are prime examples of fungible tokens.
* **Bitcoin Ordinals**: A relatively new concept that embeds unique digital artifacts, or "inscriptions," directly onto individual satoshis (the smallest unit of Bitcoin). Each inscription is distinct, introducing the concept of non-fungibility to the Bitcoin network.
* **Cryptocurrency**: Digital or virtual currency secured by cryptography, making it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers.

## Utility

Utility Marketplace

## Event-driven

## ERC-XXXX

## ERC-721

## ERC-1155


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