# Core Technologies ### NFTs Without NFTs, Web 3 is simply not possible. Gnogen will leverage NFT technology to take full usage of the Elrond NFT standard. NFTs on Elrond are safer to interact with, faster to send/receive, and only cost pennies to complete transactions. Stats, traits, and additional owner information can be utilized by creatives to connect deeper with their communities and offer a collectible experience that's unlike anything that has come before. ### Smart Contracts The Elrond Blockchain can process smart contracts and has true ownership built into its NFT protocol. That means crypto wallet owners have full access to their NFTs, instead of having the NFTs live on separate smart contracts (the Ethereum Model). Users can also buy, sell, and send NFTs within seconds on Elrond, instead of several minutes on other blockchains. ### Crypto Wallets Elrond has created a non-custodial cryptocurrency wallet that can store your $EGLD, $GNG, $USDC, $BTC, NFTs, and other Elrond Standard Digital Tokens (ESDTs). Your keys, your coins, your NFTs. Use your Maiar crypto wallet to log into any DAPP built on Elrond. ### Decentralized Applications Decentralized applications, also known as DAPPs, range from decentralized exchanges like the Maiar Exchange, where users can swap their ESDT tokens, to Gnogen.io, which people can one day walk around in a central hub of the Gnogen Metaverse. --- # 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://gnogen.gitbook.io/gnogen/under-the-hood/core-technologies.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.