# Glossary Address - The identification of a sender or receiver of assets on a blockchain network. Blockchain - A distributed database that is shared among the nodes of a computer network. (review) Burn - Sending an asset/NFT to an address that nobody possess, removing it from circulation (review) Collection - NFTs that are grouped together by the collection creator. Collection Royalties - Fees that are paid to collection owners upon each sale done on LUXY Marketplace. Listing - (noun) An NFT or Collection that is listed for sale. (verb) The act of posting an NFT or Collection for sale. LUXY - NFT marketplace $LUXY - The token that you can buy, sell and farm! Gas - The cost that a blockchain network requires in order for you to transact. This is typically priced in the native coin of a blockchain such as MATIC, SYS, or ETH. In the future with Rollups, a variety of tokens might be useful for gas! Fees - The low percentage that LUXY Marketplace charges for buying and selling Manager - A permission level that is granted by Owners. A manager can be a different party than the Owner, who the owner grants the ability to customize or otherwise manage Collections. Mint - The process of tokenizing a digital asset/NFT onto the blockchain. In other words, creating the token for an NFT which can be used to digitally represent and transact it. Network - In the blockchain context, a network is a collection of interlinked computerized nodes that serve a role in support of the blockchain's functionality and usability. NFT - Non-Fungible Token NFT Royalties - Fees which are paid to NFT owners upon each sale of that specific NFT on LUXY Marketplace. Transfer - The act of transferring ownership of an NFT without selling it Smart Contract - A "smart contract" is a contract which has its terms and conditions codified as a computer program such that it automatically performs specific actions when certain conditions are met. This means the agreed functions can be carried out without human involvement or interference! A smart contract consists of a collection of code (its functions) and transaction data (its state) that resides at a specific address on the blockchain. Ethereum and other compatible blockchains like Polygon and Syscoin provide decentralized networks that support smart contracts! Owner - Access level. Claimant of ownership. Can customize, edit and add managers to Collections Wallet - Cryptocurrency Wallet such as Metamask --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.luxy.io/help-center/luxy-marketplace/key-concepts/glossary.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.