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"Crypto" is short for cryptocurrency, which is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies use decentralized control as opposed to centralized digital currency and central banking systems.
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NFT stands for "Non-Fungible Token." It is a digital asset that represents ownership or proof of authenticity of a unique item or piece of content, such as art, music, videos, or other digital files, using blockchain technology. Each NFT is unique and cannot be replicated
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"PONZI" scheme is a fraudulent investment operation where the operator pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by legitimate business activities or through investment of capital.
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