NFT Glossary - Stay In The Know

Updated: Jul 27

This guide will provide you with everything you NEED to know relating to NFT Slang, abbreviations, misspellings and twitter terminology. Knowing, understanding and using these terms within the NFT space, will help you feel part of the community.


A B C D E F G H I J K L M N O P Q R S T U V X Y Z


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A

NFT Term

Description

NFT Use Case

Activity

Term used to refer to the buying/selling activity of an NFT project

Why is the activity so low on this NFT project?

Airdrop

Term used to refer to those NFT projects which send an NFT to holders of certain NFTs. This is a large perk of holding an NFT for the long term

Yo this project just airdropped me an NFT, just because I held this NFT!

Alpha

Term used when people affiliated with an NFT project, provide some positive information on an upcoming move in relation to a project – Often the Alpha is shared amongst active community members only

Who is this NFT community are ready for some Alpha on the future roadmap?

Announcements

Term used within the discord community, which is a reliable place to learn of important info in relation to a specific NFT project

Check the announcement channel, for the latest development for this NFT project

Ape

Term used when someone enters into a project for the first time

I have just Aped into this NFT project

Attribute

Term used to refer to the different characteristics, which make up an NFT

What is the favourite attribute of your NFT?

 

B

NFT Term

Description

NFT Use case

Bearish

Term used when someone does not back an NFT project or NFTs in general

The NFT market is approached a bear market

Bullish

Term used when someone fully backs an NFT project

I am so bullish on this NFT project

 

C

NFT Term

Description

NFT Use Case

Cold Wallet/

Hardware wallet

Term used to refer to a crypto wallet which is a physical device, which keeps your crypto and NFT assets completely offline – many look like USB drives. Cold Wallets are the most secure way to hold NFT assets

You should make sure you store your NFTs in your hardware wallet to be safe and secure

 

D

NFT Term

Description

NFT Use Case

DAO

“Decentralised Autonomous Organisation” – Term used to refer to an NFT community which requires stakeholders to vote to implement changes; a DAO is backed by some monetary value, either in the form of NFTs or Crypto

This project has a DAO, where all holders can vote on the future direction of the project

De-Fi

“Decentralised Finance” – Term used to refer to financial technology which does not rely on an intermediary such as a bank or government to run. You hold assets in a secure digital wallet, instead of keeping it in a bank

I love De-FI... helps us get away from being controlled by big corporate entities

Degen

Short for degenerate. Used in a positive way to demonstrate you have a keen interest in NFTs

​I am such a spend 2 hours on discord a day

Delist

Term used by the NFT community, to encourage solidarity in delisting any active NFT sale listings

You better delist your NFT, before you regret selling too early

Diamond Hands

Term used to refer to those people who are holding for the long term, even through periods of uncertainty in an NFT project

I love the Diamond Hand community in this NFT project

Doxed

Term short for documented, used in the NFT world when a person reveals their true real-life identity – NFT projects which have Doxed founders are sought after, as it hold accountability

This project has a fully Doxed team behind them

 

E

NFT Term

Description

Use Case

ETH

“Ethereum”

I just purchased some Eth bro

 

F

NFT Term

Description

Use Case

Fam

Term used to refer to an NFT community

What is going on fam?

Flippers

Term used to refer to those people who buy and sell an NFT for “quick” profit, rather than holding for the long-term

Let the Flippers do their thing and sell early, they will regret in the long-term

Floor/Floor price

Term used to refer to the entry price point of buying into an NFT project

What is the floor price of Bored Ape Yacht Club?

FOMO

“Fear Of Missing Out” – Term used within community when a project gains a lot of sales transaction, but someone did not buy in before the hype took over

I have major FOMO of missing out on this project mint

Fren

“Friend” – purposely spelling friend wrong, often used in a sarcastic yet endearing manor in NFT project chat rooms

How are you doing Fren?

FUD

“Fear Uncertainty Doubt” – Term used when someone in the NFT community speaks badly about the future prospects of an NFT project

I don’t appreciate all of this FUD in relation to this NFT project

 

G

NFT Term

Description

NFT Use Case

GAS

​Term used to refer to the transaction cost of buying an NFT on the Ethereum network

Why is GAS so high right now?!

GAS wars

Term used to refer to a spike in the transaction cost of buying an NFT on the Ethereum network – gas wars often occur during a hype project initial minting

There is going to be major GAS wars when this project releases

GM

“Good Morning” - Term used when someone logs into the community for the first time

GM to the NFT world

GMI

“Ganna Make it” – Term used when someone makes a positive move, in the eyes of an NFT project community i.e. buying into a project for the first time

​If you are holding this NFT… GMI

GN

​“Good Night” – Term used when someone is logging off from the community for the day

​GN to the NFT world

 

H

NFT Term

Description

NFT Use Case

HODL

“Hold” – Term used within the NFT and crypto community to signal they are holding an NFT for the long term; often used a rally cry in times of a short-term sell off within an NFT project

Stay calm and HODL

Hot Wallet / Software wallet

Term used to refer to a crypto wallet which is connect to the internet. Due to the internet connection, hot wallets are not as secure as cold wallets

I would not store any of your value NFTs in a Hot Wallet

 

I

NFT Term

Description

NFT Use Case

IRL

“In Real Life” – Term used to refer to life outside the digital NFT space

I have an IRL job, so I am trying to balance learning NFTs with that

 

J

 

K

 

L

NFT Term

Description

NFT Use Case

LFG

“Let’s Fucking Go” – Term used when someone is hyped about something within an NFT project

Yooooo I just minted this new project.. LFG!

Liquid

Term used to refer to someone who has Ethereum in their wallet, ready to purchase an NFT

I don’t have any Liquid to get into this project and I now have big regrets

 

M

NFT Term

Description

NFT Use Case

Mint

Term used for the process of initially releasing an project, into the general NFT Community

The Minting of this NFT will commence tonight at 9pm UTC

 

N

NFT Term

Description

NFT Use Case

NFA

“Not Financial Advice” – term used when someone advises to buy into a project, but will quickly follow up with NFA

NFA but I am buying Moonbirds

 

O

 

P

NFT Term

Description

NFT Use Case

P2E

“Play to Earn” – Term used to those NFT projects which have a gamification aspect to them, which allow users to play a game to earn crypto coins

This NFT has a P2E aspect