Airdrop — Airdrops are free collectibles or bonus NFTs offered by creators sent directly to a collector’s wallet address
Allowlist/Pre-launch/Pre-mint — A list of wallets who can access an NFT drop earlier than the rest of the public. Collectors on an allowlist have a greater chance of getting an NFT before they sell out
Alpha — The extra return on an investment from a crypto asset
Ape — Someone who invests heavily into a cryptocurrency or stock, usually through instinctual action
ATH — All time high price
ATL — All time low price
Asset — A digital piece of property that has value because it’s owned by others. In contrast to money, which isn’t property, has no value itself, can be used to pay any debts, and is regulated by a government body
Bot — A computer program programmed to automatically purchase NFTs. Created by heartless people who don’t like fairness or fun
Bearish — Negative sentiment about the market
Block — The latest group of transactions processed by the blockchain
Blockchain — A network of computers connected together performing the same action, keeping track of who owns what balance of assets. As a metaphor, a blockchain is group of accountants all double checking each others’ work, and keeping each other in check
Bridge — A protocol allowing separate blockchains to interact with one another, and tokens like NFTs to be transferred
Bullish — Positive sentiment about the market
Burn — To make a crypto token owned by no one, forever. Used by leaders in crypto to create actions on the blockchain and guarantee that they aren’t profiting from those actions
DAO — Decentralized Autonomous Organization. An organization that governs itself by the votes of its members instead of hierarchy
DeFi — Decentralized Finance. Finance that doesn’t need banks, is indifferent to country borders, and is operates on digital contracts that don’t require oversight or middle managers
Degen — Short for “degenerate gambler.” A term of endearment
Diamond hands — Implying that you are extremely bullish on a certain asset and will hold onto it without selling despite market volatility and risks
Drop— The initial launch of a new collection or project
DYOR— Do your own research
Flipper — Someone who purchases NFTs at low costs and sells rapidly for a profit
Fiat — A currency established as legal tender, backed by the government such as the US Dollar
FOMO — Fear of missing out
FUD — Fear, uncertainty, doubt
Gas— Fees associated with creating transactions on a blockchain
GM— Good morning
GN— Good night
HODL— Hold on for dear life. Describes holders of assets that continue in their position despite volatility of the market or the price
JOMO — Joy of missing out
LFG – "Let’s fucking go!"
Minting — Creating an NFT and having it hosted in a smart contract on the blockchain
Moon— Price going up fast
NGMI — “Not gonna make it”
Oracle — A bit of code that provides smart contract with external information between blockchains, or external information that resides on outside networks
Paper hands — Someone who sold a cryptocurrency or NFT as its price was failing
P2E— Play to earn
PFP — Profile Picture
POS— Proof of stake. Computers on a blockchain must prove that they have securely stashed away a large amount of the cryptocurrency in order to be part of the network
POW — Proof of work. Computers on a blockchain must solve complicated, energy-intensive puzzles in order to be part of the network
Private key — A long, impossible-to-guess passcode used to authorise changes to someone’s account. A user signs transactions using their private key, to prove that they authorize those transactions. The user who owns a private key can prove to others they are who they say they are, without giving away any other identifiers about them
Public key — Also known as a wallet address, is a way to direct transfers into one’s wallet, similar to a bank account number. A public key is also used to identify who authorized transactions, and who owns what balance
Rug pull / Rugged — When you pull the rug on someone, you lure them in and then deceive them. Usually used when developers market a project to generate sales and then abandon it taking the profits
Ser— “Sir”
Shilling — The act of heavily promoting and marketing your work. May be used as insult to suggest that the promoting is with reckless care and abandon
Smart Contract — A smart contract is a self-executing software program that runs autonomously and aims to automatically execute, enforce or document legally relevant events and actions according to the terms of an agreement between buyer and seller
Utility — A token that has a use case within some ecosystem
Value — the belief that someone else would want what you have for a certain price. Or that what you have can produce an outcome that itself can have value
Vaporware — marketing that promises product that has very little chance it’ll come about
WAGMI — “We’re all going to make it”
Web3 — The newest third-generation of internet. It’s characterised by services that are decentralised (not owned by governments or corporations), open (the code for how it works can be seen by anyone) and equalizing (services break free from traditionally elitist structures.) Previously, Web 2.0 was characterised by social networks with walled-off ecosystems dominated by singular monolith corporations
Wen drop — When is the NFT project going to launch?
Wen moon — When will the project price go up exponentially?