Glossary of Terms

Philippine Culture and NFT Technology

• Barong Tagalog: Traditional Filipino attire for men, recognized as the national dress of the Philippines, characterized by its lightweight and embroidered design.

• Salakot: A traditional wide-brimmed hat in the Philippines, made from rattan or other native materials, often used as protection from the sun and rain.

• Bathala: In pre-colonial Philippine mythology, the supreme god of creation is associated with the sky and the creator of the universe.

• NFT (Non-Fungible Token): A digital asset that represents real-world objects like art, music, game items, and videos, bought and sold online, typically with cryptocurrency, and generally encoded with the same underlying software as many cryptos.

• Blockchain: A decentralized digital ledger that records transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks.

Smart Contracts: Self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.