NFT
Crypto Web3An NFT (non-fungible token) is a one-of-a-kind digital certificate of ownership for a specific item, like an artwork, game item, or collectible.
Plain-English definitions of startup, funding, AI, and tech terms — with Philippine examples where possible.
An NFT (non-fungible token) is a one-of-a-kind digital certificate of ownership for a specific item, like an artwork, game item, or collectible.
Open source means a program's underlying code is publicly available for anyone to view, use, modify, and share, usually for free.
PEZA is the Philippine agency that grants tax breaks to companies, including tech startups, operating inside special economic zones.
A pivot is when a startup makes a fundamental change to its product, business model, or target customer based on what it has learned.
A platform is a foundational product that other businesses, developers, or sellers build their own products and services on top of.
Product-market fit is the point when a product finally satisfies real demand — customers keep using it, pay for it, and tell others unasked.
Post-money valuation is a startup's estimated worth right after new investor money has been added, so it always includes that new cash.
Pre-money valuation is what a startup is estimated to be worth right before new investor money is added in a funding round.
Prompt engineering is the skill of writing clear, well-structured instructions to get better answers out of an AI model.
QBO is the Philippines' first public-private innovation hub, helping local tech startups get funding, mentorship, and training.
RAG lets an AI look up real documents before answering, so its response is grounded in actual information instead of memory alone.
A reasoning model is an AI system that generates extra internal 'thinking' steps before answering, trading speed and cost for better accuracy on hard problems.