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No worries. NAS is “network attached storage”. It’s just a small computer that with a handful of hard drives that are exposed to your network.
In the current context, it’s a suggestion to host your own media and access it via Plex or Jellyfin.
But it can do far more than that. It’s a great place to backup photos and your other computers. Synology also comes with a lot of pretty great software out of the box, including a full replacement for Google’s “office” suite.
I started with the 5-bay model and it’s been serving me great for years.