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The Transient Labs Glossary

Learn concise definitions of words used throughought our ecosystem

Daniel Volkov avatar
Written by Daniel Volkov
Updated over a week ago

Welcome to the Transient Labs Glossary! In this comprehensive guide, we provide clear and concise definitions for key terms and features integral to the Transient Labs platform. This glossary is your go-to resource for understanding the terminology and concepts shaping our ecosystem.

  • Associated Wallet: Associated wallets are wallets that you own, use regularly, and want associated with your profile. Learn more about Associated Wallets here.

  • Batch Mint: Batch Minting allows the creation of multiple NFTs in one transaction, significantly reducing gas costs and processing time. This feature efficiently mints large volumes of tokens to a single address, offering creators substantial cost and time savings. Learn more about Batch Minting here.

  • Blockchain: A blockchain is a decentralized and secure digital ledger that records transactions across multiple computers, ensuring that each entry is immutable and transparent. At The Lab, we currently support minting on Ethereum, Arbitrum, and Base. Learn more about our supported blockchains here.

  • Blocklist: A blocklist is a Tranisent Labs smart contract feature that allows creators to restrict listings of their NFTs on specific marketplaces to enforce royalty payments. The Lab offers a CORI-compliant blocklist that blocks major non-royalty-paying platforms such as Blur & LooksRare. Learn more about Blocklist here.

  • Burn: In the context of NFTs, "burning" refers to permanently removing a token from circulation. This is achieved by sending the NFT to a blockchain address from which it cannot be retrieved, effectively destroying the token. Learn how to burn tokens here.

  • Contract: A smart contract for NFTs is a self-executing contract with terms directly coded into blockchain technology. It automates tasks like minting, selling, and transferring digital assets, ensuring secure and immutable transactions without intermediaries. Learn how to deploy your first contract here.

  • Contract Name: The contract name and symbol represent your project or artwork on the blockchain. The contract name is a full-length identifier, while the symbol is a shorter, usually 3-5 character abbreviation of the name.

  • Contract Symbol: The contract name and symbol represent your project or artwork on the blockchain. The contract name is a full-length identifier, while the symbol is a shorter, usually 3-5 character abbreviation of the name.

  • Creation: Related to ERC-7160, upon minting an “Origin Token,” you can add creations to specified tokens. Creations are the additional assets in your Origin Token’s array; with which the collector is able to interact with and pin their favorite creation!

  • Draft Token: A draft token in the context of NFT creation platforms like The Lab is a temporary digital asset that captures the progress of an NFT's development before final minting. It allows creators to save their work in progress, ensuring that all inputted data and token configurations are preserved even if they exit the platform. Creators can review, modify, or delete their draft tokens at any stage before finalizing their mint. Learn more about Draft Tokens here.

  • ERC-7160: The ERC-7160 standard, developed by 0xG and Marco Peyfuss, co-founder of Transient Labs, enables multi-metadata functionality at the token level. This standard allows each NFT to function as a unique digital gallery, showcasing a collection of artworks or digital files rather than a single piece. This flexibility transforms how NFTs operate, making each token a dynamic entity capable of evolving over time with new content additions. Learn more about ERC-7160 here.

  • ERC1155-TL: ERC-1155 is akin to a versatile digital catalog for artists who produce artworks in editions or series. It allows the creation of tokens for unique and multiple-copy artworks within the same contract. Learn more.

  • ERC721-TL: ERC-721 tokens, often referred to as non-fungible tokens (NFTs), are unique digital assets that represent ownership of specific, singular items. Each ERC-721 token is distinct, perfect for representing one-of-a-kind digital assets. Learn more.

  • Identicon: Identicons symbolize your identity within the Transient Labs ecosystem. They are generative, abstract, unique, and represent innovation. Learn more about Identicons.

  • Indexing: Indexing to a marketplace refers to registering newly minted NFTs to a marketplace where they can be discovered, listed, bought, and sold. This process makes the NFTs searchable and visible to potential buyers browsing the marketplace. Learn more about our Supported Marketplaces.

  • LaunchPad: LaunchPad is a sister platform to The Lab designed to enhance the discoverability and interaction with digital artworks. It provides a user-friendly interface for searching and browsing art through keywords or direct URLs. LaunchPad facilitates easy access to Transient Labs' Smart Contracts, allowing users to engage directly with features like Story Inscriptions. Learn more about LaunchPad here.

  • Marathon Minting: A mint mechanic where every time an 1155 edition is minted on the Stacks page, time is added to the mint duration. This is the inverse of Velocity minting.

  • Metadata: Metadata refers to the descriptive information attached to each digital asset. This data provides crucial details about the artwork, such as the artist's name, the title of the piece, its creation date, dimensions, and other relevant attributes that define the art.

  • Minting: Minting is creating a new token on the blockchain, representing ownership of digital or physical assets such as art or music. This tokenization registers and authenticates the item on the blockchain, allowing it to be traded or sold as a unique asset. Minting converts digital files into collectible, verifiable assets with clear provenance.

  • Origin Token: This relates to ERC-7160. You first mint Origin Tokens, which are NFTs, each with a token ID. Upon minting an Origin Token, you can add “creations” (additional metadata options) to the array as the creator, allowing your collector to interact and “pin” their favorite metadata option.

  • Payment Splitter: A payment splitter is a smart contract that automatically divides payments from sales or royalties among multiple parties. This tool is particularly useful for collaborative projects where artists, developers, or other contributors must share revenue. By setting up a payment splitter, parties can ensure a fair distribution of earnings from both primary and secondary sales of digital assets, such as NFTs, according to pre-agreed percentages. Learn more about Payment Splitters.

  • Royalty: Royalties in the context of digital art and NFTs refer to the earnings that creators receive from secondary sales of their work. When an NFT is resold on a marketplace, a percentage of the sale price is automatically paid to the original creator as a royalty. This system provides ongoing compensation to artists, incentivizing them to continue creating and allowing them to benefit from the increasing value of their work over time.

  • Royalty Recipient: In the context of The Lab, a "Royalty Recipient" is the wallet address entered by a creator to receive royalties from sales of their digital art. This address ensures that the designated recipient automatically receives their share of the earnings from secondary sales.

  • Stacks: Stacks revolutionize the sales process within The Lab, enabling creators to build and publish their mint pages independently. It supports releasing editions using ERC1155 or creating unique 1/1/X collections through ERC721 contracts. This innovative product offers creators an unprecedented way to showcase and sell their work without the hassle of indexing their contracts on external marketplaces, facilitating a direct sales pathway with a 0% creator fee structure. Learn more about Stacks.

  • Story Inscription: A feature pioneered by Transient Labs, Story Inscriptions are on-chain narratives attached to NFTs, immortalizing the stories behind artworks. They empower creators to embed stories, inspirations, and experiences directly within their NFTs, transforming them into rich, living histories. Stored on-chain and linked immutably to each NFT, they become a permanent part of the token's history, accessible and preserved forever on the blockchain. Artists retain control over the narrative, enabling or disabling Story Inscriptions at any time, even post-sale, while allowing collectors to add their own inscriptions, further enriching the provenance and significance of the artwork. Learn more about Story Inscriptions.

  • Synergy: Synergy ensures collectors' protection from unauthorized metadata changes. Through a propose-commit scheme, creators propose updates, which collectors can review and approve before implementation. This process promotes transparency and trust between creators and collectors while allowing for necessary metadata adjustments. Note: Synergy is unavailable in The Lab at the moment. Learn more about Synergy.

  • T.R.A.C.E.: At its core, T.R.A.C.E. provides digital Certificates of Authenticity (dCOA) for physical art. Learn more about T.R.A.C.E.

  • The Lab: Our code-less creator-minting platform. Learn more about The Lab.

  • Token: In the context of NFTs (Non-Fungible Tokens), a token represents a unique digital asset or piece of content stored on a blockchain. Unlike cryptocurrencies such as Bitcoin or Ethereum, where each unit is interchangeable and has the same value, NFTs are non-fungible, meaning each token is unique and cannot be replicated or exchanged on a one-to-one basis.

  • Velocity Minting: A mint mechanic where every time an 1155 edition is minted on the Stacks page, time is subtracted from the mint duration. This is the inverse of Marathon minting.

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