New to the world of NFTs? Here’s a handy glossary of all the important NFT terms.
👇 My Youtube Playlists:
➡️ NFT Terms: https://bit.ly/nftterms-videos
➡️ AiArt: https://bit.ly/aiart-videos
➡️ NFT Tips: https://bit.ly/nft-videos
➡️ My Portfolio: https://bit.ly/sebnemkoken-portfolio
➡️ Photography Tips: https://bit.ly/photographytips-videos
👇 This series addressed the following NFT terms:
➡️ 1:1 ART
➡️ AMA
➡️ AIRDROP
➡️ AFAIK
➡️ ALPHA
➡️ APE-ING (INTO SOMETHING)
➡️ ATH / ATL
➡️ AVATAR PROJECT
➡️ BLUE CHIP
➡️ BURN
➡️ COLD WALLET VS. HOT WALLET
➡️ CRYPTOCURRENCY VS. FIAT CURRENCY
➡️ DAO
➡️ DEFI
➡️ DEX
➡️ DEGEN
➡️ DIAMOND HANDS vs. PAPER HANDS
➡️ DOXXED / DOXED
➡️ DROP
➡️ DYOR
➡️ ENS (.eth)
➡️ ERC-721
➡️ FRACTIONALIZED NFTs
➡️ FLIP
Flipping something, whether it’s an NFT or a token, means buying and selling it quickly in order to make a quick profit.
➡️ FOMO | Abbreviation for “fear of missing out.” People often FOMO into purchasing an expensive NFT artwork in the NFT space because they are afraid of missing out on the upcoming big thing.
➡️ FREN vs. NOOB / PLEB
Fren: Fren is a misspelling of “Friend.”
Noob / Pleb: Someone who is new to NFTs and does not understand how they work is referred to as a noob or pleb. Depending on the context, it can be quite offensive.
➡️ FUD | FUD refers to the spread of “Fear, Uncertainty, and Doubt”
➡️ GAS FEES | The fee charged by most NFT trading platforms is referred to as NFT Gas. This is the cost of conducting a transaction or carrying out a contract on their blockchain platform. It is determined by the amount of network traffic and the computational power required to complete a transaction.
➡️ GM / GN
If you’ve seen “GM” and “GN” on Twitter or Discord, know that they simply mean “good morning” and “good night.”
➡️ GMI / NGMI / WAGMI
GMI is short for “gonna make it”, WAGMI represents “we’re all gonna make it”, while NGMI stands for “not gonna make it”.
➡️ GTD
When a token or NFT project turns out to be a bad investment with rapidly declining value, it is referred to as “turning to dust.”
➡️ HODL
A misspelling of ‘hold’ used by cryptocurrency enthusiasts to express their determination to keep their assets through thick and thin.
➡️ ICYMI | Abbreviation for “In case you missed it.”
➡️ IDK | Abbreviation for “I don’t know”.
➡️ IRL | The physical world in which we live is referred to by the abbreviation “In real life.” In contrast to the virtual world.
➡️ IYKYK | Short for “If you know, you know”. It denotes a message, post, or information that would make sense to insiders but not to the general public.
See the references from the link below:
https://medium.com/@sebnemkoken/a-glossary-of-nft-terms-that-you-should-know-f86f7934a8df?source=friends_link&sk=2c9b6b9384d8aa5523c6fb5f993617d4
👉 Visit my website to view examples of my work :
https://www.sebnemkoken.com
👉 Find me on Twitter if you want to get in touch:
👉 My NFTs:
https://opensea.io/sebnemkoken
https://foundation.app/@sebnemkoken
#nftart #nftterms #nftcollectibles #shorts
